Final 12 months, the Occasions reported {that a} group of Silicon Valley traders (together with LinkedIn co-founder Reid Hoffman, Andreessen Horowitz traders Marc Andreessen and Chris Dixon, former GitHub CEO Nat Friedman, and Emerson Collective founder Laurene Powell Jobs) had secretly purchased up tons of of thousands and 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 undertaking, it filed for permission to develop the land solely months after its plans grew to become recognized. In response to a Solano County-commissioned examine, that course of often takes years, and it “estimated the total undertaking would require tens of billions in infrastructure funding however warned that particulars concerning the improvement remained so imprecise it was onerous to evaluate its full affect,” studies the Occasions.
In his personal assertion, Sramek stated, “…doing the Environmental Influence Report first doesn’t affect the general timeline – it simply reorders the steps,” and that the plan is to resubmit its requests in 2026. Nevertheless, an area congressman quoted by the Occasions stated, “The California Endlessly pipe dream is in a everlasting deep freeze.”
