A few months ago, it was revealed that Flannery Associates , an investment company, has spent nearly $1 billion in the last five years buying up 52,000 acres of dry farmland next to the Travis Air Force Base in Solano County, California. Questions surrounding the purchase have remained unanswered, until now.
The New York Times reported that billionaire venture capitalist Michael Moritz, along with other tech industry moguls, has been purchasing the land with the intention of creating a new California city near San Francisco , which is also within short distance of Silicon Valley.
The vision is to transform tens of thousands of acres into a vibrant metropolis, according to Mr. Moritz and the investors, that would be just as walkable as Paris or the West Village in New York City. In addition, they say, this new city would provide employment for thousands of people.Moritz had sent a […]
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