A group of billionaires trying to build a new city near San Francisco must wait for an environmental impact study before they can resubmit their plan in 2026.
California Forever tech billionaire-backed plan to build a new city 60 miles away from San Francisco is on hold for at least two years, pending an environmental impact study, reports The New York Times. Last year, the Times reported that a group of Silicon Valley investors had secretly bought up hundreds of millions of dollars worth of farmland in Solano County to build their own city.
According to a Solano County-commissioned study, that process usually takes years, and it “estimated the full project would require tens of billions in infrastructure investment but warned that details about the development remained so vague it was hard to assess its full impact,” reports the Times. In his own statement, Sramek said, “...
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