Final yr, the Instances 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 lots of of tens of millions 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 turned recognized. Based on a Solano County-commissioned examine, that course of often takes years, and it “estimated the complete undertaking would require tens of billions in infrastructure funding however warned that particulars concerning the improvement remained so imprecise it was arduous to evaluate its full impression,” reviews the Instances.
In his personal assertion, Sramek stated, “…doing the Environmental Affect Report first doesn’t impression 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 Instances stated, “The California Perpetually pipe dream is in a everlasting deep freeze.”