The Daily

The Billionaires’ Secret Plan to Solve California’s Housing Crisis

83 snips
Mar 11, 2024
Conor Dougherty, an economics reporter for The New York Times, dives into the secretive land acquisitions by Flannery Associates in Solano County. He explores how tech industry moguls plan to build a new city to tackle California's housing crisis, amid local resistance from long-time farmers. The conversation highlights the tension between innovative solutions and community distrust, raising questions about transparency and the true motivations behind these large-scale developments. Dougherty's insights reveal a fascinating intersection of ambition and skepticism.
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ANECDOTE

Mysterious Land Grab

  • In Solano County, a mysterious company bought vast amounts of farmland.
  • This sparked suspicion among locals, especially due to the company's secrecy and proximity to Travis Air Force Base.
INSIGHT

Unusual Deals

  • The company offered generous deals, letting farmers stay and collect income.
  • This indicated their plan wasn't farming, raising questions about their true motives.
ANECDOTE

National Security Concerns

  • The land's proximity to Travis Air Force Base raised national security concerns.
  • Speculation arose about foreign involvement, fueling suspicion and investigations.
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