Current:Home > StocksSilicon Valley-backed voter plan for new California city qualifies for November ballot -WealthGrow Network
Silicon Valley-backed voter plan for new California city qualifies for November ballot
View
Date:2025-04-13 04:06:18
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! (53698)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Missouri senators, not taxpayers, will pay potential damages in Chiefs rally shooting case
- Pride House on Seine River barge is inaugurated by Paris Olympics organizers
- Flight attendant pleads not guilty to attempting to record teen girl in airplane bathroom
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Judge orders man accused of opening fire outside Wrigley Field held without bail
- David Ortiz is humbled by being honored in New York again; this time for post-baseball work
- Splash Into Style With These Swimsuits That Double as Outfits: Amazon, SKIMS, Bloomchic, Cupshe & More
- What do we know about the mysterious drones reported flying over New Jersey?
- When is the U.S. Open? Everything you need to know about golf's third major of the season
Ranking
- 'We're reborn!' Gazans express joy at returning home to north
- Bella Hadid Frees the Nipple in Plunging Naked Dress at 2024 Cannes Film Festival
- Company wins court ruling to continue development of Michigan factory serving EV industry
- Travis Kelce Reveals How His Loved Ones Balance Him Out
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Investigators return to Long Island home of Gilgo Beach serial killing suspect
- From Taylor Swift concerts to Hollywood film shoots, economic claims deserve skepticism
- Former Red Sox pitcher arrested in Florida in an underage sex sting, sheriff says
Recommendation
The Best Stocking Stuffers Under $25
California congressman urges closer consultation with tribes on offshore wind
NYC mayor defends police response after videos show officers punching pro-Palestinian protesters
Hims & Hers says it's selling a GLP-1 weight loss drug for 85% less than Wegovy. Here's the price.
Grammy nominee Teddy Swims on love, growth and embracing change
Juneteenth proclaimed state holiday again in Alabama, after bill to make it permanent falters
The unstoppable duo of Emma Stone and Yorgos Lanthimos
Four people killed in a house explosion in southwestern Missouri