Current:Home > FinanceSilicon Valley-backed voter plan for new California city qualifies for November ballot -TrueNorth Finance Path
Silicon Valley-backed voter plan for new California city qualifies for November ballot
View
Date:2025-04-17 21:02:21
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! (6264)
Related
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Man who filmed deadly torture gets 226 years in prison for killings of 2 Alaska women: In my movies, everybody always dies
- Paul Skenes in spotlight, starting All-Star Game after just 11 major league games
- Skip Bayless leaving FS1's 'Undisputed' later this summer, according to reports
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Hawaiian residents evacuated as wind-swept wildfire in Kaumakani quickly spreads
- Man charged with murdering 2 roommates after body parts found in suitcases on iconic U.K. bridge
- 2nd fraternity booted from the University of Virginia after hazing investigation
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- Inside the tradition of Olympic rings tattoos and why it's an 'exclusive club'
Ranking
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Dollar General to pay $12 million for alleged violations including blocking exits
- Violence plagued officials all levels of American politics long before the attempt on Trump’s life
- Jurors in Sen. Bob Menendez's bribery trial in deliberations for 2nd day
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- How Good are Re-Planted Mangroves at Storing Carbon? A New Study Puts a Number on It
- YouTuber Billy LeBlanc's Girlfriend Natalie Clark Dies From Bacterial Infection After Eating Raw Oysters
- 2024 MLB Home Run Derby highlights: Teoscar Hernández becomes first Dodgers champion
Recommendation
Dick Vitale announces he is cancer free: 'Santa Claus came early'
Ugly Copa America scenes put pressure on FIFA, U.S. stadiums to ensure safe World Cup 2026
Will Ferrell Shares the Criticism He Got From Elf Costar James Caan
A wind turbine is damaged off Nantucket Island. Searchers are combing beaches for debris
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
Biden administration says it wants to cap rent increases at 5% a year. Here's what to know.
Hawaii ag agency won’t get all the money slated for pest management after all
Tornado hits Des Moines, weather service confirms. No injuries reported