Tech billionaires can’t build their ‘California Forever’ city yet

Last year, the Times reported that a radical of Silicon Valley investors (including LinkedIn co-founder Reid Hoffman, Andreessen Horowitz investors Marc Andreessen and Chris Dixon, erstwhile GitHub CEO Nat Friedman, and Emerson Collective laminitis Laurene Powell Jobs) had secretly bought up hundreds of millions of dollars worthy of farmland successful Solano County to physique their ain city.

With erstwhile Goldman Sachs trader named Jan Sramek spearheading the project, it filed for support to make the onshore lone months aft its plans became known. According to a Solano County-commissioned study, that process usually takes years, and it “estimated the afloat task would necessitate tens of billions successful infrastructure concern but warned that details astir the improvement remained truthful vague it was hard to measure its afloat impact,” reports the Times.

In his ain statement, Sramek said, “...doing the Environmental Impact Report archetypal does not interaction the wide timeline – it conscionable reorders the steps,” and that the program is to resubmit its requests successful 2026. However, a section congressman quoted by the Times said, “The California Forever tube imagination is successful a imperishable heavy freeze.”