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March 5, 2024

Billionaire-backed campaign for a new Calif. city is off to a bumpy start — again

By JANIE HAR
Associated Press

SAN FRANCISCO — After two false starts, the billionaires behind a plan to build an eco-friendly city from scratch are behind schedule to put their proposal before California voters this November.

Former Goldman Sachs trader Jan Sramek unveiled his closely guarded ballot initiative for the proposed community between San Francisco and Sacramento in January, a plan that envisions 20,000 homes, transit infrastructure, schools, jobs and green space for an initial 50,000 residents. He has since amended it twice to address concerns raised by Solano County and a neighboring U.S. Air Force base.


 
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