Current:Home > MyBillionaire backers of new California city reveal map and details of proposed development -Wealthify
Billionaire backers of new California city reveal map and details of proposed development
View
Date:2025-04-19 11:17:20
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! (25)
Related
- A South Texas lawmaker’s 15
- Miles Morales and Peter Parker pack an emotional punch in 'Marvel's Spider-Man 2'
- The Sunday Story: A 15-minute climate solution attracts conspiracies
- Stock market today: Asian shares sink as investors brace for Israeli invasion of Gaza
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- As war grows, those who want peace for Israelis and Palestinians face harrowing test
- Canada forges agreement to help Philippines track illegal fishing vessels using satellite technology
- Social media disinformation spreads amid war in Israel
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Celebrate Disney's Big Anniversary With These Magical Facts About Some of Your Favorite Films
Ranking
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Arrest made in airport parking garage shooting that killed Philadelphia officer and injured another
- Putin’s visit to Beijing underscores China’s economic and diplomatic support for Russia
- A British man pleads guilty to Islamic State-related terrorism charges
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- Buffalo Bills running back Damien Harris has full movement after on-field neck injury, coach says
- 'Untied States Fun House': History professor's Halloween display embraces political chaos
- Man, 71, charged with murder, hate crimes in stabbing death of 6-year-old
Recommendation
House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
15 TikTok Viral Problem-Solving Products That Actually Work
What is the 'healthiest' Halloween candy? Don't get tricked by these other treats.
Women’s voices being heard at Vatican’s big meeting on church’s future, nun says
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Virginia school bus driver and 12 children hurt after bus overturns, officials say
The Crown Unveils First Glimpse of Princes William and Harry in Final Season Photos
Russia waging major new offensive in eastern Ukraine, biggest since last winter