Mysterious Firm Bought 55,000 Acres Near Travis Air Force Base in California
https://legalinsurrection.com/2023/08/mysterious-firm-bought-55000-acres-near-travis-air-force-base-in-california/
Someone is buying a lot of land near Travis Air Force Base. Makes you go hmmmmmmmm.
The mystery of one California land grab is solved... mostlyhttps://hotair.com/jazz-shaw/2023/08/27/the-mystery-of-one-california-land-grab-is-solved-mostly-n574065Earlier this month, we looked into the mystery of a small company named Flannery Associates that has been buying up tens of thousands of acres of farmland surrounding Travis Air Force Base in California. They dropped nearly a billion dollars into the purchases, snapping up empty lots and farmland. But who would be doing that and why? At the time, people were speculating that it might be a front group acting on behalf of the Chinese Communist Party, which wouldn’t have been surprising given how much U.S. land they’ve been grabbing lately. But now the new owners have stepped forward and it’s a very different situation indeed. Flannery Associates was funded by a group of elite Silicon Valley mega-investors from the tech sector. And they’re planning on building a brand new city there from scratch, designed to be their own private paradise away from the decay of San Francisco. How nice for them, eh? ...
I'm sure there are some folks who want to believe differently, but here are some reasons this reality is not far-fetched:
* SF Bay Area housing is some of the most expensive in the US;
* Enviros, NIMBYs, and money-hungry city and county gooberments have all but locked down housing development in the SF Bay Area;
* Companies have been moving out of the Bay Area and/or doing expansions outside of the Bay Area for decades, increasingly so in the last decade or so as recruiting new college grads became more difficult;
* Fairfield is near the junction of I-80 (access to the NE Bay Area, Berkeley, Oakland, and SF) and I-680 (access to the East Bay and Silicon Valley);
* USAF use of Travis AFB increased with the shutdown of Sacramento area AFBs and there is tech and other industrial development in the Fairfield, Benicia, Martinez, Vacaville, and Davis-Woodland area.