A crew of tech billionaires have been attempting to get the California Forever undertaking off the bottom, which might create a brand new, supposedly utopian metropolis on land north of the Bay Area. That undertaking is on maintain till 2026, when it’s prone to seem on native ballots, however TechCrunch discovered that this isn’t the one growth undertaking within the works from the technorati.
Marc Andreessen, who’s an investor within the California Forever undertaking, additionally has connections to a different growth undertaking close by. His spouse, Laura Arrillaga-Andreessen, is the daughter of Silicon Valley actual property mogul John Arrillaga, Sr., who left his youngsters some land in the identical space that California Forever desires to construct. Arrillaga-Andreessen’s brother has begun the approval course of to construct a mixed-use growth with over 1,000 properties.
Why are these influential households racing to develop this land, and the way are locals reacting? We’re unpacking it on right this moment’s TechCrunch Minute.
