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Today, Explained

New Dork City

Today, Explained

Vox

Daily News, Politics, News

4.4 • 9.5K Ratings

🗓️ 26 October 2023

⏱️ 27 minutes

🧾️ Download transcript

Summary

Silicon Valley billionaires are battling local residents over plans to build a whole new city in California, part of a global trend of wealthy investors dreaming up cities from scratch. The San Francisco Chronicle’s J.K. Dineen and Sarah Moser from McGill’s New Cities Lab explain. This episode was produced by Avishay Artsy, edited by Matt Collette, fact-checked by Laura Bullard, engineered by Patrick Boyd, and hosted by Noel King. Transcript at vox.com/todayexplained Support Today, Explained by making a financial contribution to Vox! bit.ly/givepodcasts Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

On today's plane, we've talked a lot about the problems with cities, their post-pandemic

0:05.8

doom loops.

0:07.3

As remote work pushes down property values, eventually the tax is collected from those

0:12.1

offices and urban retail will also fall.

0:15.6

Their crime vibes, I see a lot of people just going and grabbing people's bags, hitting

0:21.0

them, they, it's like they don't care.

0:23.2

Their fight to unshrink, their shrinking populations with cash and amenities, I had laundry.

0:28.1

That was huge.

0:30.1

They're fires, they're weed frauds, they're parking dilemmas, they're traffic failures

0:34.1

and yet most Americans live in cities and love in cities and work in cities and just

0:41.3

want them to hashtag do better.

0:44.1

Today, a possibly deranged plan in California to build a city from scratch and why it's

0:52.1

so tempting to just start over.

0:59.9

Support for this show comes from Kraken.

1:02.7

Crypto is like the financial system, but different.

1:06.6

It doesn't care where you come from, what you look like, your credit score or your outrageous

1:11.6

food delivery habits.

1:13.4

Crypto is finance for everyone, everywhere, all the time.

1:18.2

Kraken, see what crypto can be.

1:21.3

Don't invest unless you're prepared to lose all the money you invest.

1:24.3

This is a high risk investment and you should not expect to be protected if something

1:27.6

goes wrong.

...

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