Tech billionaires can’t construct their ‘California Eternally’ metropolis but

Final yr, the Occasions reported {that a} group of Silicon Valley buyers (together with LinkedIn co-founder Reid Hoffman, Andreessen Horowitz buyers Marc Andreessen and Chris Dixon, former GitHub CEO Nat Friedman, and Emerson Collective founder Laurene Powell Jobs) had secretly purchased up a whole bunch of hundreds of thousands of {dollars} price of farmland in Solano County to construct their very own metropolis.

With former Goldman Sachs dealer named Jan Sramek spearheading the mission, IT filed for permission to develop the land solely months after its plans grew to become recognized. According to a Solano County-commissioned study, that course of normally takes years, and IT “estimated the total mission would require tens of billions in infrastructure funding however warned that particulars concerning the improvement remained so imprecise IT was onerous to evaluate its full impression,” studies the Occasions.

In his personal assertion, Sramek mentioned, “…doing the Environmental Affect Report first doesn’t impression the general timeline – IT simply reorders the steps,” and that the plan is to resubmit its requests in 2026. Nonetheless, an area congressman quoted by the Occasions mentioned, “The California Eternally pipe dream is in a everlasting deep freeze.”