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Silicon Valley elites revealed as buyers of $800m of land to build utopian city

www.theguardian.com Silicon Valley elites revealed as buyers of $800m of land to build utopian city

Group Flannery Associates, backed by prominent investors, quietly buy 55,000 acres of farmland in northern California

Silicon Valley elites revealed as buyers of $800m of land to build utopian city

After weeks of local speculation, the purchasers of 55,000 acres of northern California land have been revealed. The group Flannery Associates – backed by a cohort of Silicon Valley investors – has quietly purchased $800m worth of agricultural and empty land, the New York Times has reported. Their goal is to build a utopian new town that will offer its thousands of residents reliable public transportation and urban living, all of which would operate using clean energy.

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