The Silicon Valley Elite Who Want to Build a City From Scratch
The Silicon Valley Elite Who Want to Build a City From Scratch
admin 2023/08/29 15:11A mysterious company has spent $800 million in an effort to buy thousands of acres of San Francisco Bay Area land. The people behind the deals are said to be a who’s who of the tech industry.
In 2017, Michael Moritz, the billionaire venture capitalist, sent a note to a potential investor about what he described as an unusual opportunity: a chance to invest in the creation of a new California city.
The site was in a corner of the San Francisco Bay Area where land was cheap. Mr. Moritz and others had dreams of transforming tens of thousands of acres into a bustling metropolis that, according to the pitch, could generate thousands of jobs and be as walkable as Paris or the West Village in New York.
https://www.nytimes.com/2023/08/25/business/land-purchases-solano...
In 2017, Michael Moritz, the billionaire venture capitalist, sent a note to a potential investor about what he described as an unusual opportunity: a chance to invest in the creation of a new California city.
The site was in a corner of the San Francisco Bay Area where land was cheap. Mr. Moritz and others had dreams of transforming tens of thousands of acres into a bustling metropolis that, according to the pitch, could generate thousands of jobs and be as walkable as Paris or the West Village in New York.
https://www.nytimes.com/2023/08/25/business/land-purchases-solano...
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