Silicon Valley Titans Unveiled as Mystery Investors in $800 Million Land Grab

A mysterious company called Flannery Associates, backed by prominent Silicon Valley investors including Michael Moritz, Reid Hoffman, Marc Andreessen, and Chris Dixon, has spent over $800 million to purchase thousands of acres of land in the San Francisco Bay Area. The company's plans for the land, located in Solano County, remain largely unknown, leading to speculation and curiosity among locals, members of Congress, and even the nearby Air Force base. Flannery Associates aims to transform the area into a thriving community with clean energy, public transportation, and dense urban life. However, rezoning the land for residential use and navigating California's challenging development process will be significant hurdles for the project.
- Michael Moritz, Reid Hoffman and Other Silicon Valley Titans Said to Be Behind Mysterious Land Deals The New York Times
- Mystery investor buys nearly 60 acres in South Bay hills from Arrillaga trust The Mercury News
- Report: Investors behind mysterious $800 million Bay Area land grab are Silicon Valley power players San Francisco Chronicle
- View Full Coverage on Google News
Reading Insights
0
2
8 min
vs 10 min read
94%
1,804 → 110 words
Want the full story? Read the original article
Read on The New York Times