After years of ducking scrutiny, Jan Sramek, the former Goldman Sachs trader spearheading the effort, launched a website about "California Forever." The site billed the project as "a chance for a new community, good paying local jobs, solar farms, and open space" in Solano, a rural county between San Francisco and Sacramento that is now home to 450,000 people.
He also began meeting with key politicians representing the area who have been trying unsuccessfully for years to find out who was behind the mysterious Flannery Associates LLC as it bought up huge swaths of land, making it the largest single landholder in the county.
An all-star roster of Silicon Valley entrepreneurs and venture capitalists are backing the project, including philanthropist Laurene Powell Jobs, LinkedIn co-founder Reid Hoffman, and venture capitalist Marc Andreessen. The New York Times first reported on the group's investors and plans.
California Forever, the parent company of Flannery, has purchased more than 78 square miles (202 square kilometers) of farmland in Solano County since 2018, largely in the southeastern portion of the county, with parcels stretching from Fairfield to Rio Vista. According to the website, Sramek fell in love with the area over fishing trips and he and his wife recently purchased a home in the county for their growing family.
The project issued a poll to residents last month to gauge support for "a new city with tens of thousands of new homes," solar energy farm and new parks funded entirely by the private sector.
But to build anything resembling a city on what is now farmland, the group must first convince Solano County voters to approve a ballot initiative to allow for urban uses on that land, a protection that has been in place since 1984. Local and federal officials still have questions about the group's intentions.
This story is from the September 09, 2023 edition of Techlife News.
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This story is from the September 09, 2023 edition of Techlife News.
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