
The Bay
A Group of Tech Billionaires Want to Build a New City in Solano County
Sep 1, 2023
Erin Griffith from The New York Times talks about tech billionaires wanting to build a new city from scratch in Solano County. They discuss the origins of the plan, the vision for a utopian city, motivations and challenges faced, and Flannery's plans for development.
21:45
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Quick takeaways
- Tech billionaires want to build a new city in Solano County to address California's housing crisis.
- Local residents and politicians in Solano County have expressed skepticism and concerns about the billionaire-backed project.
Deep dives
The Birth of the Idea
The idea of building a new city in Solano County was first planted in 2017 by Michael Moritz, a venture capitalist at Sequoia Capital, who reached out to potential investors. He connected with Jan Shremak, a former Goldman Sachs trader turned startup founder, and they began pitching the idea of a utopian city with innovative approaches to governance and construction.