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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 1 year ago by [email protected] to c/[email protected]

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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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[–] [email protected] 9 points 1 year ago

Would be nice, but sadly most real life examples of a walkable, human scale environment are either prohibitively expensive to live in, or inhabited by rich folks ☹️

Given that this is being bankrolled by them, i'm curious to see what restrictions they'll apply, if any.

I wish a company would build and oversaturate the market with walkable, human scale areas, to force prices down across the board... but that's beyond wishful thinking lol