Current:Home > NewsBillionaire backers of new California city reveal map and details of proposed development -WealthRise Academy
Billionaire backers of new California city reveal map and details of proposed development
View
Date:2025-04-12 13:22:09
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! (62669)
Related
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Nebraska upsets No. 1 Purdue, which falls in early Big Ten standings hole
- Family of Arizona professor killed on campus settles $9 million claim against university
- More women join challenge to Tennessee’s abortion ban law
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- South Carolina no longer has the least number of women in its Senate after latest swearing-in
- China says it will launch its next lunar explorer in the first half of this year
- US and Chinese military officers resume talks as agreed by Biden and Xi
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- Boston Mayor Michelle Wu pledges to make it easier for homeowners to create accessory housing units
Ranking
- North Carolina justices rule for restaurants in COVID
- US defends its veto of call for Gaza ceasefire while Palestinians and others demand halt to fighting
- Key moments in the arguments over Donald Trump’s immunity claims in his election interference case
- Melania Trump’s Mom Amalija Knavs Dead at 78
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- Kate Middleton's Pre-Royal Style Resurfaces on TikTok: From Glitzy Halter Tops to Short Dresses
- Family of Arizona professor killed on campus settles $9 million claim against university
- Following her release, Gypsy-Rose Blanchard is buying baby clothes 'just in case'
Recommendation
Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
Russia says it's detained U.S. citizen Robert Woodland on drug charges that carry possible 20-year sentence
When and where stargazers can see the full moon, meteor showers and eclipses in 2024
Diet for a Sick Planet: Studies Find More Plastic in Our Food and Bottled Water
Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
USDA estimates 21 million kids will get summer food benefits through new program in 2024
New Mexico man pleads guilty in drive-by shootings on homes of Democratic lawmakers
Virginia police pull driver out of burning car after chase, bodycam footage shows