Source:  Associated Press

Dear Commons Community,

Silicon Valley investors have spent roughly $800 million to buy nearly 80 square miles of land in rural California with plans to build a new eco-friendly city. But first they have to convince skeptical voters and politicians.

After years of ducking scrutiny, Jan Sramek, the former Goldman Sachs trader spearheading the effort, launched a website Thursday about “California Forever.” The site billed the project as “a chance for a new community, good paying local jobs, solar farms, and open space” in Solano, a rural county between San Francisco and Sacramento that is now home to 450,000 people.

He also began meeting with key politicians representing the area who have been trying unsuccessfully for years to find out who was behind Flannery Associates LLC as it bought up huge swaths of land, making it the largest single landholder in the county.

An all-star roster of Silicon Valley entrepreneurs and venture capitalists are backing the project, including philanthropist Laurene Powell Jobs, LinkedIn co-founder Reid Hoffman, and venture capitalist Marc Andreessen.  The New York Times and the Associated Press reported on the group’s investors and plans.

California Forever, the parent company of Flannery, has purchased more than 78 square miles (202 square kilometers) of farmland in Solano County since 2018, largely in the southeastern portion of the county, with parcels stretching from Fairfield to Rio Vista. According to the website, Sramek fell in love with the area over fishing trips and he and his wife recently purchased a home in the county for their growing family.

The project issued a poll to residents last month to gauge support for “a new city with tens of thousands of new homes,” solar energy farm and new parks funded entirely by the private sector.

But to build anything resembling a city on what is now farmland, the group must first convince Solano County voters to approve a ballot initiative to allow for urban uses on that land, a protection that has been in place since 1984. Local and federal officials still have questions about the group’s intentions.

The investment group said secrecy was required until enough land was purchased, in order to avoid short-term speculation, but that it is now ready to hear from Solano households via a mailed survey and creation of a community advisory board. Past surveys showed parents were most concerned about their children’s future, the website said.

“Instead of watching our kids leave, we have the opportunity to build a new community that attracts new employers, creates good paying local jobs, builds homes in walkable neighborhoods, leads in environment stewardship, and fuels a growing tax base to serve the county at large,” it said.

California is in dire need of more housing, especially affordable homes for teachers, firefighters, service and hospitality workers. But cities and counties can’t figure out where to build as established neighborhoods argue against new homes that they say would congest their roads and spoil their quiet way of life.

In many ways, Solano County is ideal for development. It is 60 miles (96 kilometers) northeast of San Francisco and 35 miles (56 kilometers) southwest of California’s capital city of Sacramento. Solano County homes are among the most affordable in the San Francisco Bay Area, with a median sales price of $600,000 last month.

But Princess Washington, mayor pro tempore of Suisun City, said residents deliberately decided to protect open space and keep the area around Travis Air Force Base free of encroachment given its significance.

She’s suspicious that the group’s real purpose is “to create a city for the elite” under the guise of more housing.

“Economic blight is everywhere. So why do you need to spend upwards of a billion dollars to create a brand new city when you have all these other things that can be achieved throughout the Bay Area?” she said.

 It will be interesting to see how this evolves!

Tony

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