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.

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