Current:Home > FinanceSilicon Valley-backed voter plan for new California city qualifies for November ballot -CapitalEdge
Silicon Valley-backed voter plan for new California city qualifies for November ballot
View
Date:2025-04-12 19:37:16
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! (8)
Related
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Sienna Miller rocks two-piece, caresses baby bump at London Fashion Week
- National Hispanic Heritage Month highlights cultural diversity of Spanish-speaking Americans
- Jeezy Files for Divorce From Jeannie Mai After 2 Years of Marriage
- Federal hiring is about to get the Trump treatment
- Sioux Falls pauses plan to ditch arsenic-contaminated taxidermy display at state’s largest zoo
- You'll Be A Sucker For Nick Jonas and Priyanka Chopra's Cutest Pics
- Norfolk Southern CEO promises to keep improving safety on the railroad based on consultant’s report
- DoorDash steps up driver ID checks after traffic safety complaints
- Biden announces more Iran sanctions on anniversary of Mahsa Amini death
Ranking
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Drake and SZA release first collab 'Slime You Out' ahead of Drake's new album: Listen
- Women’s World Cup winners maintain boycott of Spain’s national team. Coach delays picking her squad
- Colombian painter and sculptor Fernando Botero, known for his inflated forms, has died at age 91
- Grammy nominee Teddy Swims on love, growth and embracing change
- Josh Duhamel Details Co-Parenting Relationship With Amazing Ex Fergie
- Sister of Paul Whelan, American held in Russia, doesn't get requested meeting with Biden
- Survivors of Libya's deadly floods describe catastrophic scenes and tragic losses
Recommendation
Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
Maui wildfire death toll drops to 97 from 115, authorities say
The teen mental health crisis is now urgent: Dr. Lisa Damour on 5 Things podcast
Hollywood relies on China to stay afloat. What does that mean for movies?
Bill Belichick's salary at North Carolina: School releases football coach's contract details
Errors In a Federal Carbon Capture Analysis Are a Warning for Clean Energy Spending, Former Official Says
North Korean arms for Russia probably wouldn’t make a big difference in the Ukraine war, Milley says
Hollywood relies on China to stay afloat. What does that mean for movies?