A crew of tech billionaires have been trying to get the California Forever project off the ground, which would create a new, supposedly utopian city on land north of the Bay Area. That project is on hold until 2026, when it’s likely to appear on local ballots, but TechCrunch learned that this isn’t the only development project in the works from the technorati.
Marc Andreessen, who is an investor in the California Forever project, also has connections to another development project nearby. His wife, Laura Arrillaga-Andreessen, is the daughter of Silicon Valley real estate mogul John Arrillaga, Sr., who left his children some land in the same area that California Forever wants to build. Arrillaga-Andreessen’s brother has begun the approval process to build a mixed-use development with over 1,000 homes.
Why are these influential families racing to develop this land, and how are locals reacting? We’re unpacking it on today’s TechCrunch Minute.