Current:Home > FinanceEthermac|Campaign to build new California city submits signatures to get on November ballot -MarketStream
Ethermac|Campaign to build new California city submits signatures to get on November ballot
Chainkeen View
Date:2025-04-10 04:44:45
SAN FRANCISCO (AP) — A wealthy Silicon Valley-backed campaign to build a green city for up to 400,Ethermac000 people in the San Francisco Bay Area has submitted what it says are enough signatures to qualify the initiative for the November election.
The campaign submitted more than 20,000 signatures but would need only about 13,000 valid ones to qualify for the ballot. If verified by Solano County’s elections office, voters will decide in the fall whether to allow urban development on land currently zoned for agriculture. The land-use change would be necessary for the development to be built.
Jan Sramek, a former Goldman Sachs trader who heads the company behind the campaign, California Forever, said at a news conference Tuesday that he heard from thousands of people who want careers and homes in the county where they grew up but can no longer afford to live there because of high housing costs and a lack of nearby work.
“They are fed up with this malaise that’s plagued California for the last 20 years with this culture of saying no to everything that has made it increasingly impossible for working families to reach the California dream,” he said.
The yet-unnamed development would mix homes, green space, a walkable downtown and jobs between Travis Air Force Base and the Sacramento River Delta city of Rio Vista.
The controversial project has wealthy and powerful backers, including philanthropist Laurene Powell Jobs and venture capitalist Marc Andreessen. It also faces strong opposition by some elected officials and other critics who say Sramek’s plan is a speculative money grab that’s light on details.
Sramek outraged locals by quietly purchasing more than $800 million in farmland since 2018 and even suing farmers who refused to sell. Reps. John Garamendi and Mike Thompson, who oppose the project, were initially alarmed that foreign adversaries or investors might be buying up the land because of its proximity to the Air Force base.
Sramek unveiled plans for the development in January, but had to amend the land-use change ballot initiative twice to address county and Air Force concerns. The delays haven’t slowed the project’s timeline.
The proposal includes an initial $400 million to help residents and Air Force base families buy homes in the community or for new affordable housing.
California is desperate for more housing, but critics of the project say it would be more environmentally sound to build within existing cities than to convert designated farmland.
veryGood! (69)
Related
- Police remove gator from pool in North Carolina town: Watch video of 'arrest'
- How international law applies to war, and why Hamas and Israel are both alleged to have broken it
- Sweden reports damage to an undersea cable to Estonia, after Finland cites damage to a gas pipeline
- Suspect in Natalee Holloway case expected to enter plea in extortion charge
- The seven biggest college football quarterback competitions include Michigan, Ohio State
- Israeli military faces challenging urban warfare in Gaza
- Juventus midfielder Nicolò Fagioli gets seven-month ban from soccer for betting violations
- 50 years later, a look back at the best primetime lineup in the history of television
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- Fijian prime minister ‘more comfortable dealing with traditional friends’ like Australia than China
Ranking
- Meet 11-year-old skateboarder Zheng Haohao, the youngest Olympian competing in Paris
- Millie Bobby Brown credits her feminist awakening to a psychic
- RHOC's Shannon Beador Speaks Out One Month After Arrest for DUI, Hit-and-Run
- Natalee Holloway suspect expected to plead guilty to extortion charges
- Sonya Massey's father decries possible release of former deputy charged with her death
- Reba McEntire claims she's 'not the best.' As a coach on 'The Voice', she's here to learn
- Malaysia says landslide that killed 31 people last year was caused by heavy rain, not human activity
- Russian President Putin and Chinese leader Xi meet in Beijing and call for close policy coordination
Recommendation
Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
Gwyneth Paltrow Reveals Plans to Quit Hollywood After Selling Goop
Injuries from e-bikes and e-scooters spiked again last year, CPSC finds
Suzanne Somers' death has devastated fans. It's OK to grieve.
Taylor Swift Cancels Austria Concerts After Confirmation of Planned Terrorist Attack
Aces starters Chelsea Gray and Kiah Stokes out for Game 4 of WNBA Finals vs. Liberty
Greta Thunberg charged with public order offense in UK after arrest outside oil industry conference
Travis Kelce Hilariously Reacts to Taylor Swift’s NFL Moment With His Dad Ed Kelce