Current:Home > MarketsSilicon Valley-backed voter plan for new California city qualifies for November ballot -TrueNorth Capital Hub
Silicon Valley-backed voter plan for new California city qualifies for November ballot
EchoSense View
Date:2025-04-06 10:25:55
SAN FRANCISCO (AP) — A Silicon Valley-backed initiative to build a green city for up to 400,000 people in the San Francisco Bay Area has qualified for the Nov. 5 ballot, elections officials said Tuesday.
Solano County’s registrar of voters said in a statement that the office verified a sufficient sampling of signatures. California Forever, the company behind the campaign, submitted well over the 13,000 valid signatures required to qualify.
The registrar is scheduled to present the results of the count to the county Board of Supervisors in two weeks, at which point the board can order an impact assessment report.
Voters will be asked to allow urban development on 27 square miles (70 square kilometers) of land between Travis Air Force Base and the Sacramento River Delta city of Rio Vista currently zoned for agriculture. The land-use change is necessary to build the homes, jobs and walkable downtown proposed by Jan Sramek, a former Goldman Sachs trader who heads up California Forever.
Sramek, who has the backing of wealthy investors such as philanthropist Laurene Powell Jobs and venture capitalist Marc Andreessen, disclosed that the campaign spent $2 million in the first quarter of 2024.
He expects the amount spent to be higher in the second quarter, he told The Associated Press in an interview before the ballot initiative was certified.
Opposition includes conservation groups and some local and federal officials who say the plan is a speculative money grab rooted in secrecy. Sramek outraged locals by covertly purchasing more than $800 million in farmland and even suing farmers who refused to sell.
The Solano Land Trust, which protects open lands, said last week that such large-scale development “will have a detrimental impact on Solano County’s water resources, air quality, traffic, farmland, and natural environment.”
Sramek expects to have 50,000 residents in the new city within the next decade. The proposal includes an initial $400 million to help residents buy homes in the community, as well as an initial guarantee of 15,000 local jobs paying a salary of at least $88,000 a year.
Companies that specialize in aerospace and defense manufacturing and indoor vertical farming are among those expressing interest should voters approve the project, California Forever previously announced. It also plans on constructing a regional sports complex.
veryGood! (52)
Related
- Senate begins final push to expand Social Security benefits for millions of people
- What the American Pie Cast Is Up to Now
- Jason Momoa and Lisa Bonet are officially divorced
- The inspiring truth behind the movie 'Sound of Hope: The Story of Possum Trot'
- Global Warming Set the Stage for Los Angeles Fires
- Tour de France standings, results: Belgium's Jasper Philipsen prevails in Stage 10
- Walker Zimmerman to headline US men’s soccer team roster at Paris Olympics
- In closing, prosecutor says Sen. Bob Menendez’s behavior in response to bribes was ‘wildly abnormal’
- A White House order claims to end 'censorship.' What does that mean?
- Biden’s support on Capitol Hill hangs in the balance as Democrats meet in private
Ranking
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- This Slimming SKIMS Bodysuit Works With Low-Cut, Backless Looks: Plus More Styles I Predict Will Sell Out
- Black Democratic lawmakers embrace Biden during call, giving boost to his campaign
- Black Democratic lawmakers embrace Biden during call, giving boost to his campaign
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Christina Hall Reveals Daughter Taylor's One Request for New Show With Tarek and Heather Rae El Moussa
- Georgia slave descendants submit signatures to fight zoning changes they say threaten their homes
- 'Bob's Burgers' actor Jay Johnston pleads guilty in Capitol riot case: Reports
Recommendation
Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
Man charged with killing, dismembering transgender teen he met through dating app
Powerball winning numbers for July 8 drawing; jackpot rises to $29 million
2024 French election results no big win for far-right, but next steps unclear. Here's what could happen.
Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
Finance apps can be great for budgeting. But, beware hungry hackers
Divers exploring ancient shipwreck where human remains were found off Greece discover second wreck, new treasures
Rent inflation remains a pressure point for small businesses