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Billionaire Backed

All articles tagged with #billionaire backed

businessreal-estate2 years ago

"New California City Details Revealed by Billionaire Backers"

Billionaire-backed company California Forever plans to build a new city in Solano County, California, with initial plans for 20,000 homes and potential for 400,000 residents. The proposed initiative includes a focus on sustainability, walkability, and financial guarantees, but faces strong local opposition due to concerns about environmental impact and proximity to an Air Force base. The project is backed by prominent figures like Reid Hoffman and Laurene Powell Jobs, but also criticized by Rep. John Garamendi as unrealistic given the area's challenges with infrastructure and resources.

businessreal-estate2 years ago

"Billionaire-Backed Vision: Unveiling the Plan for a New California City"

A company backed by billionaire tech moguls has unveiled plans to build a new pedestrian-friendly city on 60,000 rural acres in Solano County, California, with a proposed population of 400,000. The project, named California Forever, faces opposition due to violating the county's growth initiative and would require voter approval. The company aims to address concerns by pledging to set aside land near Travis Air Force Base, create jobs, secure water resources, and improve state highways. If approved, construction could begin by 2026.