The Silicon Valley Elite Who Want to Build a City From Scratch
The Silicon Valley Elite Who Want to Build a City From Scratch
Summary:
A mysterious company called Flannery Associates has spent $800 million to purchase thousands of acres of land in the San Francisco Bay Area. The company, backed by prominent Silicon Valley investors, aims to create a new city that could generate thousands of jobs and be as walkable as Paris or the West Village in New York. Flannery Associates plans to convert an arid patch of brown hills into a community with tens of thousands of residents, clean energy, public transportation, and dense urban life. The identities of the investors include Michael Moritz, Reid Hoffman, Marc Andreessen, Chris Dixon, Patrick and John Collison, Laurene Powell Jobs, Nat Friedman, and Daniel Gross. As the company continues to make large land purchases, speculation runs rampant about its plans. Flannery Associates will need to navigate California's challenging rezoning and development processes to turn its vision into reality.
Key takeaways:
- Flannery Associates has spent over $800 million to buy thousands of acres of land in the San Francisco Bay Area.
- The company aims to build a new city with thousands of jobs and a walkable urban environment.
- Prominent Silicon Valley investors, including Michael Moritz and Reid Hoffman, have backed Flannery Associates.
- The land purchased by Flannery is not zoned for residential use, and obtaining rezoning will be challenging.
- Flannery Associates will need to engage Solano County residents in a voting process to gain approval for the project.
In conclusion, Flannery Associates, a mysterious company backed by prominent Silicon Valley investors, has spent $800 million to purchase land in the San Francisco Bay Area with the intention of building a new city. While the company's plans remain undisclosed, speculation is rife about its intentions. The challenges ahead include rezoning the land and obtaining approval from Solano County residents. Flannery Associates hopes to entice voters with promises of jobs, increased tax revenue, and investments in infrastructure. The project's success will depend on navigating California's complex development processes and gaining community support.
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