Silicon Valley investors identified as mystery group buying Solano County land for new city

  • 📰 KPIXtv
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 53%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

A group of Silicon Valley investors behind a land acquisition company called Flannery Associates LLC launched a website Thursday previewing plans for building a new city in Solano County, days after California lawmakers at the state and federal level urged more transparency from the company.

The California state Senate's agriculture committee held a hearing Tuesday that covered threats to California's agriculture industry and heard testimony on the land acquisitions, which have included 400 parcels bought up over the last five years by a company that had no identifiable officers or investors.

Garamendi said that the company spent $800 million to buy land in the county and resorted to using legal tactics against reluctant residents. Brian Brokaw, a spokesman for Flannery Associates, did not address Garamendi's comments when asked for a response, but said in a statement on behalf of the company:

"The secrecy under which they operated caused consternation and concern from residents, local elected officials, and federal agencies, and while they explained their rationale, I do not believe the secrecy was necessary," Thompson said."Solano County is a tight-knit community, and it is going to be a long road for Flannery to restore trust and move forward with their proposed vision," Thompson said.

Brokaw said Sramek and others planned to continue to meet with local elected officials and community members over the next few weeks.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 443. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Silicon Valley investors identified as mystery group buying Solano County land for new cityA group of Silicon Valley investors behind a land acquisition company called Flannery Associates LLC launched a website Thursday previewing plans for building a new city in Solano County, days after California lawmakers at the state and federal level urged more transparency from the company.
Source: KPIXtv - 🏆 443. / 53 Read more »

Silicon Valley group identified as mystery investors buying Solano County land for new cityA group of Silicon Valley investors behind a land acquisition company called Flannery Associates LLC launched a website Thursday previewing plans for building a new city in Solano County, days after California lawmakers urged more transparency from the company.
Source: KPIXtv - 🏆 443. / 53 Read more »

Mysterious billionaires group buys 50,000 acres in Solano CountyFor years, a shadowy company has been buying up land near the Travis Air Force Base. Now we know who's behind it and what they want.
Source: KTVU - 🏆 465. / 53 Read more »