A private city being built by a group of tech moguls in the Bay Area’s Solano County will take about 40 years to complete and cost a whopping $215 billion total, it was revealed this week.
The CEO of the group, dubbed “California Forever,” announced on Wednesday what he described as the “largest construction labor agreement in history.”
Jan Sramek touted the construction of 170,000 new homes to develop “the first walkable city built in a century,” that will eventually house 400,000 residents.
The group plans to develop tens of thousands of mostly rural acres near Suisun City, with construction expected to take four decades and include the new homes, jobs and infrastructure.
Sramek estimates that a total $215 billion from private investors will be needed to make the new city a reality.
The project first came to light in 2024, when reports revealed that Flannery Associates bought 65,000 mostly rural acres around Suisun City and Rio Vista, becoming the largest landowner in Solano County.
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Local officials especially expressed worry about secretive land purchases near Travis Air Force Base, citing national security concerns.
After the news became public, the group California Forever came forward and shared its proposal.
The announcement was not well-received in the Solano County community of 455,000 people, according to SFGATE.
Facing low polling numbers, California Forever withdrew a November 2024 ballot measure that would have let the project skip some zoning rules, the outlet reported.
In October, the group announced a new plan to add nearly 23,000 acres of unincorporated Solano County to Suisun City.
The Suisun Expansion Project still faces many obstacles, including detailed environmental reviews, before it can move forward.
