The Damage Report
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Silicon Valley Billionaires Build Secretive New California City In Jaw-Dropping REVEAL
Posted
September 3, 2023
Views
12,556
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989
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9.56%
September 3, 2023
12,556
989
211
9.56%
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2:50
3:40Now PlayingA mystery company is being backed by billionaires, including Marc Andreessen to Laurene Powell Jobs, to build a whole new secretive city near San Fransisco. Francesca Fiorentini and Sen. Nina Turner break it down on The Damage Report.
Read more here:
A mystery company backed by Silicon Valley billionaires has purchased tens of thousands of acres of land for more than $800 million to build a new city near San Francisco
"A mystery company backed by Silicon Valley billionaires has been snatching up land in a northern California county in an apparent bid to build an entirely new city in the state.
The New York Times reported those investors include some of the Valley's most recognizable names, from Marc Andreessen to Laurene Powell Jobs.
The company, Flannery Associates, has spent $800 million to purchase thousands of acres of farmland in Solano County, which sits northeast of San Francisco, court documents obtained by Insider show.
The Wall Street Journal reported that Flannery has purchased about 52,000 acres of farmland around Travis Air Force Base since 2018. According to the report, government officials began investigating the purchases due to concerns that foreign interests may be behind the company."
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