A mystery company backed by Silicon Valley billionaires has purchased tens of thousands of acres of land for more than $800 million to build a new city near San FranciscoLee Duna@lemmy.nz to Technology@beehaw.org – 140 points – 11 months agobusinessinsider.com28Post a CommentPreviewYou are viewing a single commentView all commentsShow the parent commentExcept for that initial $800 million, plus the billions it will cost for infrastructure.They will try to get that financed by VC or regular finance and skim something off the top of everything that's happening in the city. Even if the libertarian nightmare fails, they still have a developed city near SF.That will get passed on to a local municipality, just like building sprawling suburbs
Except for that initial $800 million, plus the billions it will cost for infrastructure.They will try to get that financed by VC or regular finance and skim something off the top of everything that's happening in the city. Even if the libertarian nightmare fails, they still have a developed city near SF.That will get passed on to a local municipality, just like building sprawling suburbs
They will try to get that financed by VC or regular finance and skim something off the top of everything that's happening in the city. Even if the libertarian nightmare fails, they still have a developed city near SF.
Except for that initial $800 million, plus the billions it will cost for infrastructure.
They will try to get that financed by VC or regular finance and skim something off the top of everything that's happening in the city.
Even if the libertarian nightmare fails, they still have a developed city near SF.
That will get passed on to a local municipality, just like building sprawling suburbs