Group Flannery Associates, backed by prominent investors, quietly buy 55,000 acres of farmland in northern California
After weeks of local speculation, the purchasers of 55,000 acres of northern California land have been revealed. The group Flannery Associates – backed by a cohort of Silicon Valley investors – has quietly purchased $800m worth of agricultural and empty land, the New York Times has reported. Their goal is to build a utopian new town that will offer its thousands of residents reliable public transportation and urban living, all of which would operate using clean energy.
Yeah I really don't understand the location. Anywhere in California is a dumb idea. They will still have to deal with wildfires, drought, earthquakes, high tax rates. Why not Idaho? It's probably even cheaper.