The mysterious land purchase near a California military base is revealed to be made by Silicon Valley titans. If you are also curious about the individuals behind this land investment, here are the individuals who purchased the property.
Silicon Valley Investors Secretly Make $1 Billion Land Purchase in California
According to The New York Post's latest report, the land purchased near Travis Air Force Base costs nearly $1 billion.
Before, experts believed that the $800 million land investment was made by a network of Chinese spies. Because of this, many lawmakers became concerned.
Now, it has been revealed that it was actually the Flannery Associates-backed by Silicon Valley investors-that made the land purchase.
The Guardian reported that the project was spearheaded by Jan Sramek, a former Goldman Sachs trader. The northern California land purchase is backed by the following Silicon Valley investors:
- Daniel Gross and Nat Friedman (Silicon Valley entrepreneurs)
- Michael Moritz (a venture capitalist)
- Reid Hoffman (co-founder of Linkedin)
- Laurene Powell Job (the founder of the philanthropic group Emerson Collective and wife of Steve Jobs)
- Marc Andreessen (an investor and software developer)
- Patrick and John Collison (the sibling co-founders of the payment processor Stripe)
About the Mysterious California Land Purchase
Reports stated that the land purchase in California was meant for the construction of a new utopian town, which would offer thousands of residents urban living and reliable public transportation.
Once it is completed, the new town is expected to rely purely on clean energy. The Flannery Associates purchased the land from farmers more than its original market value.
Because of this, the group became the largest landowner in Solano County. The property that was purchased encircles the Travis Air Force base in Fairfield, which is home to 120,000 residents.
"We are proud to partner on a project that aims to deliver good-paying jobs, affordable housing, clean energy, sustainable infrastructure, open space, and a healthy environment to residents of Solano County," said Brian Brokaw, the Flannery spokesperson.
He added that they are excited to work with the Travis Air Force Base, residents, and elected officials to create the new utopian town.
If you want to learn more about this mysterious $800 million dollar land purchase made by Silicon Valley titans, you can click this link.
