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Billionaire Backed City

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businessreal-estate2 years ago

"California Forever: Billionaire-Backed City Promises 15K Jobs and $400M in Down Payment Assistance"

California Forever, a billionaire-backed city proposal in Solano County, California, is offering $400 million in "down payment assistance" for homebuyers and a guarantee of 15,000 new jobs. The project has faced major blowback from residents and lawmakers, with concerns about land acquisitions, potential displacement of locals, and environmental impact. The proposal, which includes ten guarantees, aims to address housing costs and commutes but is met with skepticism and demands for scrutiny. The project faces a national security probe and will be decided by Solano County voters in November.