What started as a crazy idea gained momentum once millions of dollars in investment money began flowing in.
"California Forever" is one company's idea to build a new city outside San Francisco with tens of thousands of homes, renewable energy, open space, farms, and an idealistic charm that is no longer available with the modern-day urban challenges in the Bay Area. They have purchased 50,000 acres to make this a reality.
Wealthy investors include the CEO of Stripe and the co-founder of LinkedIn.
No predictions here as to whether or not this little slice Fairyland will work or not. But it will be interesting to see if it can become a reality or not.
Over the past five years, a company named Flannery Associates has spent $800 million scooping up land outside San Francisco — without explaining who’s behind the effort or what they plan to do with the land. Now, local officials who’d been looking into the matter finally have their answer: a group of wealthy and recognizable tech leaders are behind the venture, and they’re hoping to use the land to build a brand new city, according to reports from The New York Times and Bloomberg.
https://www.theverge.com/2023/8/28/23848833/flannery-associates-tech-investor-city-san-fracisco
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