Final 12 months, the Instances reported {that a} group of Silicon Valley buyers (together with LinkedIn co-founder Reid Hoffman, Andreessen Horowitz buyers Marc Andreessen and Chris Dixon, former GitHub CEO Nat Friedman, and Emerson Collective founder Laurene Powell Jobs) had secretly purchased up a whole lot of hundreds of thousands of {dollars} value of farmland in Solano County to construct their very own metropolis.
With former Goldman Sachs dealer named Jan Sramek spearheading the venture, it filed for permission to develop the land solely months after its plans turned identified. Based on a Solano County-commissioned research, that course of often takes years, and it “estimated the total venture would require tens of billions in infrastructure funding however warned that particulars concerning the growth remained so obscure it was laborious to evaluate its full impression,” studies the Instances.
In his personal assertion, Sramek stated, “…doing the Environmental Influence Report first doesn’t impression the general timeline – it simply reorders the steps,” and that the plan is to resubmit its requests in 2026. Nonetheless, a neighborhood congressman quoted by the Instances stated, “The California Perpetually pipe dream is in a everlasting deep freeze.”
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