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Silicon Valley tycoons plan utopian city

2024-01-25 10:27:42Lifestyle SHKRUAR NGA REDAKSIA VOX

Silicon Valley tycoons plan utopian city

Good quality of life, well-paid jobs, energy self-sufficiency and optimal infrastructure. That and more is promised by a group of Silicon Valley billionaires who plan to build a "residential paradise" from scratch in arid Solano County, northern California. After months of criticism and delays, a start-up company backed by billionaire tycoons has unveiled its proposal for the new city of utopia.

The "California Forever" plan, as it is called, envisages the conversion of agricultural land northeast of San Francisco into a new metropolis that can house a total of up to 400,000 citizens. Behind the ambitious plan, which has caused a firestorm of reaction, is a hitherto mysterious company, Flannery Associates, which in recent years has been aggressively buying up land, paying far more than the value of the lots, whether they are listed for sale or not. or not. The company has quietly acquired — controversially to many — more than 60,000 acres of farmland worth $800 million and hopes to build on about a third of that acreage into apartments, townhouses and apartment buildings.

But who are the initiators of "California Forever"? The founder and CEO is 36-year-old Jan Sramek, a former Goldman Sachs executive who, according to the New York Times, had the original idea. He envisioned taking a patch of barren hills criss-crossed by a two-lane highway between suburbia and farmland and turning it into a community of tens of thousands of residents, clean energy and public transportation.

To achieve this he attracted and managed to convince the biggest names in the field of technology and venture capital. Amid strong reactions from locals, the entire plan is expected to be put to a vote in the upcoming November elections. In California, housing has long been an intractable problem, and Silicon Valley tycoons are continually frustrated by the region's lack of real estate and the difficulty of building as their workforce expands.

 

 


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