"Billionaire CEO Stands Firm in $510M Lawsuit Against Solano County Property Owners"

1 min read
Source: Daily Mail
"Billionaire CEO Stands Firm in $510M Lawsuit Against Solano County Property Owners"
Photo: Daily Mail
TL;DR Summary

Jan Sramek, the billionaire CEO behind the planned 'utopian city' in rural Northern California, refused to drop a $510 million lawsuit against property owners at a heated town hall meeting. The lawsuit alleges price fixing by farmers who own the lands that Sramek's company, California Forever, wants to buy. Locals accused Sramek's firm of displacing residents and expressed concerns about the impact on the community. Sramek remained adamant about pursuing legal action, citing the need for affordable housing and job opportunities in the area. The plan to build the city is currently in limbo until voters decide in the 2024 general election.

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