A group of Silicon Valley investors behind a land acquisition company called Flannery Associates LLC launched a website Thursday previewing plans for building a new city in Solano County, days after California lawmakers at the state and federal level urged more transparency from the company.
The California state Senate's agriculture committee held a hearing Tuesday that covered threats to California's agriculture industry and heard testimony on the land acquisitions, which have included 400 parcels bought up over the last five years by a company that had no identifiable officers or investors.
Garamendi said that the company spent $800 million to buy land in the county and resorted to using legal tactics against reluctant residents. Brian Brokaw, a spokesman for Flannery Associates, did not address Garamendi's comments when asked for a response, but said in a statement on behalf of the company:
"The secrecy under which they operated caused consternation and concern from residents, local elected officials, and federal agencies, and while they explained their rationale, I do not believe the secrecy was necessary," Thompson said."Solano County is a tight-knit community, and it is going to be a long road for Flannery to restore trust and move forward with their proposed vision," Thompson said.
Brokaw said Sramek and others planned to continue to meet with local elected officials and community members over the next few weeks.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Silicon Valley investors identified as mystery group buying Solano County land for new cityA group of Silicon Valley investors behind a land acquisition company called Flannery Associates LLC launched a website Thursday previewing plans for building a new city in Solano County, days after California lawmakers at the state and federal level urged more transparency from the company.
Read more »
Silicon Valley group identified as mystery investors buying Solano County land for new cityA group of Silicon Valley investors behind a land acquisition company called Flannery Associates LLC launched a website Thursday previewing plans for building a new city in Solano County, days after California lawmakers urged more transparency from the company.
Read more »
Mysterious billionaires group buys 50,000 acres in Solano CountyFor years, a shadowy company has been buying up land near the Travis Air Force Base. Now we know who's behind it and what they want.
Read more »
How SF could benefit from new Solano County cityA little city to the northeast? We can manage that.
Read more »
Opinion: Why we should not dismiss plans for a new Solano County cityEffort by tech billionaires who have purchased 55,000 acres is meeting local and Bay Area criticism
Read more »
Beyoncé Renaissance Tour helps Silicon Valley small businesses feel economic boostFrom baked goods to clothing, small businesses feel the effects of Bey in the Bay.
Read more »