Loading ...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 purchasing land in a county near San Francisco.
- The company has spent up to $15,000 per acre, court documents show.
- Silicon Valley has long sought to build a new city from scratch.
with an interesting twist……….
In May, the attorneys for Flannery filed a lawsuit against a group of Solano County landowners, saying they conspired to inflate their land prices.
The lawsuit alleges Flannery overpaid the owners by about $170,000,000 and is seeking damages of at least $510,000,000.
They will probably use land to build from scratch futuristic, tyrannical, wef compliant so called smart, 15 minutes city.
15k/ acre in Cali? Where?
Wyoming is higher than that.
Thats what I was thinking
And they Overpaid ?