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🗞️ Driving the news: Silicon Valley billionaires have recently unveiled their plans for a massive sustainable tech city, "California Forever", in Northern California
• The project aims to provide community development, employment opportunities, and green initiatives in Solano County
🔭 The context: Jan Sramek, a former Goldman Sachs trader, is at the helm of this venture, backed by notable names such as philanthropist Laurene Powell Jobs, LinkedIn co-founder Reid Hoffman, and venture capitalist Marc Andreessen
• With an investment of $800 million, they have been purchasing vast tracts of land under the company name, Flannery Associates LLC
🌎 Why it matters for the planet: The vision for California Forever includes large solar farms, new parks, and tens of thousands of new homes, emphasizing a sustainable future
• It could herald a future for urban development that is both eco-friendly and beneficial to local communities
⏭️ What's next: Before bringing their vision to life, the group needs the endorsement of Solano County voters to allow urban development on the purchased farmland
• The team is engaging locals through polls and community boards to gather opinions and support
📈 One stat: Since 2018, Flannery has acquired over 202 square km of farmland in Solano County, making it the largest single landholder in the area
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