this post was submitted on 27 Aug 2023
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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 (www.businessinsider.com)
submitted 10 months ago by L4s@lemmy.world to c/technology@lemmy.world
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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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[–] RozhkiNozhki@lemmy.world 30 points 10 months ago* (last edited 10 months 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

[–] JoBo@feddit.uk 13 points 10 months 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.

[–] Franzia@lemmy.blahaj.zone 3 points 10 months 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.