4.6 • 851 Ratings
🗓️ 21 September 2023
⏱️ 10 minutes
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0:00.0 | But yeah, there's this rag tag team of venture capitalists, tech billionaires, philanthropists, etc., who have been essentially, well, actually, to go back a little bit, it's been a lot of folks in Salado County, which is a county, I would say, it's kind of halfway between San Francisco and Sacramento. |
0:20.6 | You can call it the Bay Area, but it's really, really the northern extreme of Bay Area. |
0:24.9 | It's getting close to wine country. |
0:26.7 | Riley, just noting that for you if you want to visit. |
0:29.6 | It's noted. |
0:30.7 | Yeah, it's on the highway to Sacramento. |
0:32.8 | It's actually getting closer to Sacramento than it is to San Francisco proper. |
0:36.1 | So that's Salano County, this very |
0:37.9 | agricultural sort of breadbasket, pretty like a pretty chill area in general, very, I mean, |
0:46.0 | not as economically prosperous as other parts of the Bay Area, but definitely known as farmland, |
0:51.6 | right? And there have been farmers who've been there for generations to generations. And a few years ago, a mysterious buyer called Flannery Associates started |
1:00.4 | buying all of these farmers out of their land, sometimes bidding, I think, up to four or five times |
1:06.2 | what its market value was at the time. And it's only been recently revealed, |
1:11.8 | and I forget if the New York Times broke the news or how it was, |
1:15.4 | or they actually did kind of leak it or unveil themselves, |
1:18.6 | that it's actually this consortium of Silicon Valley folks |
1:22.4 | who have spent now, I believe, |
1:24.3 | $800 to $900 million, |
1:27.4 | buying up a huge chunk of Solano County farmland. |
1:31.8 | And they're now going to build a city called, well, I don't know if they're going to call it California forever, but that's the name of the project. |
1:39.3 | So it was, it was really a mystery. |
1:41.1 | It was mystifying congressmen. |
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