A campaign supported by Silicon Valley investors has submitted over 20,000 signatures to qualify an initiative for the November election. The initiative aims to build a green city for up to 400,000 people in the San Francisco Bay Area. Approximately 13,000 valid signatures are needed for the ballot. If verified, voters will decide on allowing urban development on agricultural land.
The project, led by California Forever, is spearheaded by a former Goldman Sachs trader. The initiative seeks to address the housing affordability crisis in the region, providing opportunities for residents to live and work in the area where they grew up.
The proposed development, located between Travis Air Force Base and Rio Vista, includes a mix of homes, green spaces, a walkable downtown, and job opportunities. Notable backers of the project include philanthropist Laurene Powell Jobs and venture capitalist Marc Andreessen.
However, the initiative has faced opposition from critics who question its feasibility and environmental impact. Concerns have been raised about the purchase of farmland and the potential implications for the surrounding community.
Despite challenges and amendments to the proposal, the project remains on track. Plans include an initial investment of $400 million to support housing initiatives for residents and Air Force base families.
While California grapples with a housing shortage, debates continue on the best approach to address the issue. Critics argue that building within existing cities may be a more sustainable solution than converting agricultural land for development.
