BusinessCircleBusinessCircle
  • Home
  • SMEs
  • Startups
  • Markets
  • Finances
  • HR
  • Marketing & Sales
  • Technology
Facebook Twitter Instagram
Monday, June 2
  • About us
  • Advertise with us
  • Submit Articles
  • Privacy Policy
  • Contact us
BusinessCircleBusinessCircle
  • Home
  • SMEs
  • Startups
  • Markets
  • Finances
  • HR
  • Marketing & Sales
  • Technology
Subscribe
BusinessCircleBusinessCircle
Finances

New California city backed by biggest names in Silicon Valley: report

Business CircleBy Business CircleAugust 28, 2023No Comments2 Mins Read

[ad_1]

An aerial view of the town of San Francisco skyline and the Golden Gate Bridge in California, October 28, 2021.

Carlos Barria | Reuters

Jan Sramek, a former Goldman Sachs dealer, has been quietly working to construct an city utopia in California nestled close to San Francisco and Silicon Valley. However only a few years after the mysterious undertaking received underway, it’s dealing with rising scrutiny from native officers and residents.

Based on a report from The New York Occasions Friday, Sramek is the brains behind an organization referred to as Flannery Associates, which has spent greater than $800 million scooping up 1000’s of acres of farmland. Based on report, the agency desires to make use of the land to rethink authorities and the way buildings are constructed, though there are few different particulars for the plan. A separate report from Bloomberg mentioned the plans name for a “mega-city.”

The corporate has attracted among the greatest buyers in tech, together with Reid Hoffman, the LinkedIn co-founder, Marc Andreessen, an investor at Andreessen Horowitz and billionaire enterprise capitalist Michael Moritz, the report mentioned.

It isn’t instantly clear how a lot these backers invested.

Till not too long ago, Flannery Associates has been shrouded in thriller. Native residents had been unnerved by the corporate because it purchased up an increasing number of land, in keeping with the report. A Democratic consultant in a neighboring area in California advised the Occasions he had been attempting to establish the corporate for years.

Flannery Associates solely grew to become recognized to the official after the corporate reached out to arrange a gathering, which was its first try to talk with native representatives. However whilst the corporate eases into the general public eye, it faces an uphill battle because it contends with lawsuits from locals and thorny rules like California’s strict zoning legal guidelines.

As of now, it’s unclear if the town will ever make it previous the drafting board.

Learn extra at The New York Occasions.

[ad_2]

Source link

Backed biggest California City names Report Silicon Valley
Business Circle
  • Website

Related Posts

US manufacturing output increases in March; February data revised higher

April 16, 2024

AbbVie to spend $1.9B for long acting injectables (NYSE:ABBV)

April 16, 2024

‘Febrile’ excitement helping early stage AI keep pace with the U.S.

April 16, 2024

Johnson & Johnson (JNJ) earnings Q1 2024

April 16, 2024
Add A Comment

Leave A Reply Cancel Reply

Recent Posts
  • 1win — букмекерская контора 1вин.3345
  • казино – Официальный сайт Pin Up Casino вход на зеркало.3299
  • Pin Up Casino – Azərbaycanda onlayn kazino Pin-Up.2570
  • 1Win официальный сайт букмекера — 1Вин ставки на спорт.4391
  • 1win официальный сайт букмекера — Обзор и зеркало для входа.3082
© 2025 BusinessCircle.co
  • Home
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Type above and press Enter to search. Press Esc to cancel.