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

Last year, nan Times reported that a group 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 build their ain city.

With erstwhile Goldman Sachs trader named Jan Sramek spearheading nan project, it revenge for support to create nan onshore only months aft its plans became known. According to a Solano County-commissioned study, that process usually takes years, and it “estimated nan afloat task would require tens of billions successful infrastructure finance but warned that specifications astir nan improvement remained truthful vague it was difficult to measure its afloat impact,” reports nan Times.

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