Finally, the suspense is out. After much speculation, it has emerged that a group of high-profile Silicon Valley entrepreneurs and investors are behind a plan to build a new city near Travis Air Force Base in northern California. According to reports, the project, called Prospera, would be located on 16,000 acres of land that the group has been acquiring over the past five years.
The land buying spree near Travis Air Force Base had raised concerns that a foreign entity could be using the investment to harm US national security. Some security officials have been saying that it could pose a threat to Travis Air Force Base. The base is home to a number of sensitive military operations, and officials are concerned that a new city could provide a haven for terrorists or other hostile actors.
For months, the Air Force has been conducting an inquiry into the individuals or entities supporting the land buying efforts. However, Flannery Associates, the group behind the project, has said that they are committed to working with the military to ensure that Prospera does not pose a security risk. They have also said that they would be willing to make changes to the project if necessary.
“We are proud to partner on a project that aims to deliver good-paying jobs, affordable housing, clean energy, sustainable infrastructure, open space and a healthy environment to residents of Solano County,” Brian Brokaw, a spokesman for the group, told the Wall Street Journal. “We are excited to start working with residents and elected officials, as well as with Travis Air Force Base, on making that happen.”
Jan Sramek is reported to be the brainchild behind the project. Aged 36, Sramek had previously held a trading position at Goldman Sachs and was regarded as a promising talent in the financial sphere.
The Flannery Associates has not yet released any detailed plans for Prospera, but they say that it would be a “sustainable, equitable, and inclusive” city. They envision a mix of housing, businesses, and open space, with a focus on renewable energy and other green technologies.
The plan to build Prospera is still in its early stages, and it is unclear when or if it will be approved. However, the project has generated a lot of interest, and it is being closely watched by people who are concerned about the future of growth in Silicon Valley.
According to reports, the group of tech leaders behind Prospera includes some of the most prominent names in the industry. Among them are:
Marc Benioff, the CEO of Salesforce
Reid Hoffman, the co-founder of LinkedIn
Peter Thiel, the co-founder of PayPal
Vinod Khosla, the co-founder of Sun Microsystems
Larry Ellison, the CEO of Oracle
These leaders have a combined net worth of over $100 billion, and they are using their wealth to try to create a new kind of city that they believe will be better for people and the planet.
Despite experiencing a decline during the pandemic, the Bay Area remains one of the nation’s priciest areas. Economists and housing specialists have attributed this situation to a persistent housing scarcity and California’s incapacity to construct sufficient units to match the demand.
The land buying spree near Travis Air Force Base had raised concerns that a foreign entity could be using the investment to harm US national security. Some security officials have been saying that it could pose a threat to Travis Air Force Base. The base is home to a number of sensitive military operations, and officials are concerned that a new city could provide a haven for terrorists or other hostile actors.
For months, the Air Force has been conducting an inquiry into the individuals or entities supporting the land buying efforts. However, Flannery Associates, the group behind the project, has said that they are committed to working with the military to ensure that Prospera does not pose a security risk. They have also said that they would be willing to make changes to the project if necessary.
“We are proud to partner on a project that aims to deliver good-paying jobs, affordable housing, clean energy, sustainable infrastructure, open space and a healthy environment to residents of Solano County,” Brian Brokaw, a spokesman for the group, told the Wall Street Journal. “We are excited to start working with residents and elected officials, as well as with Travis Air Force Base, on making that happen.”
Jan Sramek is reported to be the brainchild behind the project. Aged 36, Sramek had previously held a trading position at Goldman Sachs and was regarded as a promising talent in the financial sphere.
The Flannery Associates has not yet released any detailed plans for Prospera, but they say that it would be a “sustainable, equitable, and inclusive” city. They envision a mix of housing, businesses, and open space, with a focus on renewable energy and other green technologies.
The plan to build Prospera is still in its early stages, and it is unclear when or if it will be approved. However, the project has generated a lot of interest, and it is being closely watched by people who are concerned about the future of growth in Silicon Valley.
According to reports, the group of tech leaders behind Prospera includes some of the most prominent names in the industry. Among them are:
Marc Benioff, the CEO of Salesforce
Reid Hoffman, the co-founder of LinkedIn
Peter Thiel, the co-founder of PayPal
Vinod Khosla, the co-founder of Sun Microsystems
Larry Ellison, the CEO of Oracle
These leaders have a combined net worth of over $100 billion, and they are using their wealth to try to create a new kind of city that they believe will be better for people and the planet.
Despite experiencing a decline during the pandemic, the Bay Area remains one of the nation’s priciest areas. Economists and housing specialists have attributed this situation to a persistent housing scarcity and California’s incapacity to construct sufficient units to match the demand.
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