Mystery Solved: We Now Know Who Was Buying Up $1B Worth of Land Near Calif. Military Base — And What They Want It For

The mystery buyers of nearly $1 billion of undeveloped land abutting a California military base were revealed to be Silicon Valley heavyweights — and not a network of Chinese spies as some lawmakers feared.

The land grab near Travis Air Force Base by Flannery Associates — which has become the largest landowner in Solano County, about 60 miles northeast of San Francisco — had prompted concern that a foreign entity could be using the investment to harm US national security.

However, it turns out Flannery’s backers are a who’s who list of tech titans and investors that includes LinkedIn co-founder Reid Hoffman and Emerson Collective philanthropist Laurene Powell Jobs, according to the New York Times.

The deep-pocketed investors reportedly plan to turn the land into their vision of an ideal city, featuring sustainable energy and a pedestrian-friendly layout.

Aside from Hoffman and Powell Jobs, Flannery’s investors reportedly include Marc Andreessen of the private venture capital firm Andreessen Horowitz, former Sequoia Capital partner Michael Moritz and Stripe co-founders Patrick and John Collison, as well as entrepreneurs Nat Friedman and Daniel Gross. (Read more from “Mystery Solved: We Now Know Who Was Buying Up $1B Worth of Land Near Calif. Military Base — And What They Want It For” HERE)

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