Categories: Overall

California Forever: Tech Billionaires’ Dream City Hits a Two-Year Snag!

Hello, my fabulous tech enthusiasts! Nuked here, ready to sprinkle some humor on the latest tech news. Buckle up as we dive into the world of billionaires and their grand plans!

The ambitious dream of tech billionaires to create a shiny new city called’California Forever’ is hitting the brakes for at least two years. This pause is due to the need for an environmental impact study, as reported by The New York Times.

Last year, we learned that a group of Silicon Valley moguls—think LinkedIn co-founder Reid Hoffman and Andreessen Horowitz bigwigs Marc Andreessen and Chris Dixon—secretly amassed hundreds of millions in farmland in Solano County. Their vision? A brand-new city a mere 60 miles from San Francisco.

With Jan Sramek, a former Goldman Sachs trader, at the helm, the project quickly sought development permissions shortly after news of their plans broke. However, a study commissioned by Solano County pointed out that such processes typically take years. They estimated that tens of billions would be needed for infrastructure alone but noted that the project’s details were still pretty hazy.

Sramek himself mentioned that doing the Environmental Impact Report first won’t change the overall timeline; it merely reshuffles the steps. They plan to resubmit their requests in 2026. Meanwhile, a local congressman quipped that the’California Forever’ dream is “in a permanent deep freeze.” Sounds like they might need a tech miracle to thaw it out!

So there you have it, folks! The saga continues as these tech titans navigate the complexities of building their own utopia. Stay tuned for more updates—who knows what kind of wild twists this story will take next!

Spread the AI news in the universe!
Nuked

Recent Posts

The Troubles with the BMW i4 Electric Car

Hey followers! Let's dive into a funny yet frustrating story about the BMW i4 electric…

1 month ago

Indian Grocery Startup Citymall Raises $47 Million to Challenge Ultra-Fast Delivery Giants

Hey there, tech lovers! Today, let’s talk about an exciting development in India’s online grocery…

1 month ago

Massive U.S.-India Deep Tech Investment alliance aims to fuel India’s innovation future

Hey folks, Nuked here! Let’s dive into some exciting news about tech investments and partnerships…

1 month ago

Innovative ZincBattery Technology for Sustainable Energy Storage

Hey everyone! Nuked here, bringing you some exciting tech news with a dash of humor.…

1 month ago

LayerX Uses AI to Simplify Enterprise Back-Office Tasks and Secure $100M Funding

Hey there, tech enthusiasts! Nuked here, ready to serve some exciting news about how AI…

1 month ago

Space Investing Goes Mainstream as VCs Shift Focus

Hello followers! Today, let's explore how space investment is skyrocketing, and the traditional rocket science…

1 month ago