this post was submitted on 27 Aug 2023
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271
A mystery company backed by Silicon Valley billionaires has purchased tens of thousands of acres of land for more than $800 million to build a new city near San Francisco (www.businessinsider.com)
submitted 1 year ago by [email protected] to c/[email protected]
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A mystery company backed by Silicon Valley billionaires has purchased tens of thousands of acres of land for more than $800 million to build a new city near San Francisco::A company called Flannery Associates has been buying up land in Solano County for up to $15,000 per acre, court documents show.

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[–] [email protected] 30 points 1 year ago* (last edited 1 year ago) (1 children)

I'm sure housing will be super affordable for all those service industry workers that will be needed to keep this place running. /s

[–] [email protected] 13 points 1 year ago (1 children)

Expect special visas for immigrant workers who will be effectively imprisoned there.

And an absolute social desert because no one else will want to be there.

[–] [email protected] 3 points 1 year ago

This place is down the road from 2 major cities and several small towns. People already wanna be in this area. Even immigrant workers would have social mobility here, they could change jobs to working on vineyards, working in tech, or apply for nearby schools.