Current:Home > ContactBillionaire backers of new California city reveal map and details of proposed development -Global Capital Summit
Billionaire backers of new California city reveal map and details of proposed development
View
Date:2025-04-13 06:09:17
SAN FRANCISCO (AP) — Promoters of a secretive Silicon Valley-backed ballot initiative to build a new city on farmland between Sacramento and San Francisco are releasing more details of their plan as they submit paperwork Wednesday to qualify for the November election.
California Forever, the company that stealthily snapped up more than $800 million of Solano County land in recent years, envisions a new community on roughly 30 square miles (75 square kilometers) between Travis Air Force Base and the tiny city of Rio Vista, according to a presentation by the group.
The development would start with nearly 20,000 homes for 50,000 residents. It could grow to 400,000 people — which is nearly the current population of Solano County — but only if the project creates at least 15,000 jobs that pay above average wages, the group’s backers say. Plans call for a medium-density downtown with rowhouses and apartment buildings, and jobs, schools, bars and restaurants and grocery stores all within walking distance.
But none of that can happen without approval from county voters, who in 1984 backed protections against turning farmland into urban space. That’s why Jan Sramek, CEO and founder of California Forever, and the project’s backers are turning to the ballot. He’ll speak about the project and the proposed ballot initiative Wednesday, and the group must collect about 13,000 signatures from county voters to place it on the November ballot.
California and the San Francisco Bay Area are desperate for more housing, especially affordable homes for teachers, firefighters, police and other municipal workers who make a city run.
Situated between the Bay Area and the state’s capital, Solano County is an attractive location for military contractors, agriculture technology and construction tech companies seeking to innovate, said Gabriel Metcalf, head of planning for California Forever.
Metcalf said if “we can provide companies with a pathway to growth, we think we’ll get some major employers creating jobs here that would otherwise go out of state, to places like Texas.”
Created in 2017, California Forever has purchased more than 78 square miles (202 square kilometers) of farmland in Solano County. The plan calls for $400 million to help Solano County residents buy homes in the proposed community.
But critics say existing cities such as Vallejo and Fairfield could use investment from Silicon Valley and they remain skeptical of Sramek and the project’s backers, who include philanthropist Laurene Powell Jobs, LinkedIn co-founder Reid Hoffman, and venture capitalist Marc Andreessen.
“This is a pipe dream,” said Democratic U.S. Rep. John Garamendi, who was furious with backers for their secrecy about property close to a U.S. Air Force base.
He said the proposed development, which he also was briefed on, makes no sense “in the middle of areas surrounded by wind farms, gas fields, endangered species, no water, no sanitation system and no road system let alone a highway system.”
veryGood! (92395)
Related
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Mexico’s arrest of cartel security boss who attacked army families’ complex was likely personal
- Ukraine aims a major drone attack at Crimea as Russia tries to capture a destroyed eastern city
- A Mom's Suicide After Abuse Accusations: The Heartbreaking Story Behind Take Care of Maya
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- I investigated the crimes of Ferdinand and Imelda Marcos — and loved 'Here Lies Love'
- Kentucky residents can return home on Thanksgiving after derailed train spills chemicals, forces evacuations
- Canada, EU agree to new partnerships as Trudeau welcomes European leaders
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Lulus' Black Friday Sale 2023: Up to 70% Off Influencer-Approved Dresses, Bridal & More
Ranking
- 2025 'Doomsday Clock': This is how close we are to self
- Wild's Marc-Andre Fleury wears Native American Heritage mask after being told he couldn't
- Paris Hilton spends first Thanksgiving with son Phoenix: 'Grateful for this beautiful life'
- Germany’s economy shrank, and it’s facing a spending crisis that’s spreading more gloom
- Grammy nominee Teddy Swims on love, growth and embracing change
- Spoilers! The best Disney references in 'Wish' (including that tender end-credits scene)
- Activists call on France to endorse a consent-based rape definition across the entire European Union
- Activists call on France to endorse a consent-based rape definition across the entire European Union
Recommendation
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
How making jewelry got me out of my creative rut
Small Business Saturday: Why is it becoming more popular than Black Friday?
Daryl Hall is suing John Oates over plan to sell stake in joint venture. A judge has paused the sale
Current, future North Carolina governor’s challenge of power
Argentina and Brazil charged by FIFA after fan violence delays World Cup qualifying game at Maracana
The debate over Ukraine aid was already complicated. Then it became tangled up in US border security
Police identify North Carolina man fatally shot by officer during Thanksgiving traffic stop