A mystery company backed by Silicon Valley billionaires has purchased tens of thousands of acres of land for more than $800 million to build a new city near San Francisco

  • 📰 AllSidesNow
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

A mystery company backed by Silicon Valley billionaires has been snatching up land in a northern California county in an apparent bid to build an e...

Paul Chinn/The San Francisco Chronicle; Jemal Countess/Getty Images for TIME; Michael Kovac/Getty Images for Vanity Fair

A mystery company backed by Silicon Valley billionaires has been snatching up land in a northern California county in an apparent bid to build an entirely new city in the state. The New York Times reported those investors include some of the Valley's most recognizable names, from Marc Andreessen to Laurene Powell Jobs.

The company, Flannery Associates, has spent $800 million to purchase thousands of acres of farmland in Solano County, which sits northeast of San Francisco, court documents obtained by Insider show.

 

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:

 /  🏆 572. in US

United States United States Latest News, United States United States Headlines