Current:Home > FinanceSilicon Valley-backed voter plan for new California city qualifies for November ballot -AlphaFinance Experts
Silicon Valley-backed voter plan for new California city qualifies for November ballot
View
Date:2025-04-14 02:41:47
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! (59)
Related
- RFK Jr. grilled again about moving to California while listing New York address on ballot petition
- The New York courthouse where Trump is on trial is evacuated briefly as firefighters arrive
- Colombia investigates the killing of a Hmong American comedian and activist in Medellin
- Florida mother fears her family will be devastated as trial on trans health care ban begins
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Horoscopes Today, December 13, 2023
- She won her sexual assault case. Now she hopes the Japanese military changes so others don’t suffer
- New Hampshire attorney general files second complaint against white nationalist group
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Warriors star Draymond Green suspended indefinitely by NBA
Ranking
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Streaming services roll out special features for Swifties looking to rent 'Eras Tour'
- Supreme Court will hear a case that could undo Capitol riot charge against hundreds, including Trump
- Somalia’s president says his son didn’t flee fatal accident in Turkey and should return to court
- Jay Kanter, veteran Hollywood producer and Marlon Brando agent, dies at 97: Reports
- Lawyers and prosecutors make final arguments in trial of 3 Washington state officers
- Duchess Meghan, Prince Harry's Archewell Foundation suffers $11M drop in donations
- 2 Los Angeles County men exonerated after spending decades in prison
Recommendation
Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
The AP names its five Breakthrough Entertainers of 2023
Harry Potter first edition found in bargain bin sells for $69,000 at auction
Geminids meteor shower peaks this week under dark skies
Connie Chiume, Black Panther Actress, Dead at 72: Lupita Nyong'o and More Pay Tribute
House to vote on formalizing Biden impeachment inquiry today
Barbie Leads the Critics Choice Awards 2024 Film Nominations: See the Fantastic Full List
Ellen DeGeneres Reflects on One of Her Final Trips with Stephen “tWitch” Boss on Anniversary of His Death