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Sacramento biz journal
Sacramento biz journal













sacramento biz journal

sacramento biz journal

John Garamendi, whose district includes Travis and immediate areas around it, said base and county officials reached out roughly five years ago for help in figuring out who was buying up land. “He doesn’t have a plan, he’s not there yet,” Thompson said. Development in California is convoluted, but Thompson said Sramek told him they’re hoping for expedited permitting “because their project is so good and their intentions are so great.” Thompson, the congressman, was unimpressed after meeting with Sramek, saying that the developer was vague on details and failed to display an understanding or appreciation of the county or its values.Īsked how he would help residents finance new homes, Thompson said Sramek told him he planned to use “all of his knowledge as a finance guy” to generate savings. Then last week, residents began receiving a push poll gauging voter support for “a major new project” that would include “a new city with tens of thousands of new homes.” The poll asked if they would be more likely to support the project if county residents were given priority and financial assistance to lease or purchase one of the new homes. The company disclosed it had purchased or was under contract to buy about 140 properties for more than $800 million. So why do you need to spend upwards of a billion dollars to create a brand new city when you have all these other things that can be achieved throughout the Bay Area?” she said.įlannery further infuriated locals in May when it sued several landowners in court, accusing them of conspiring to fix prices for their properties. She’s suspicious that the group’s real purpose is “to create a city for the elite” under the guise of more housing.

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Solano County homes are among the most affordable in the San Francisco Bay Area, with a median sales price of $600,000 last month.īut Princess Washington, mayor pro tempore of Suisun City, said residents deliberately decided to protect open space and keep the area around Travis Air Force Base free of encroachment given its significance. It is 60 miles (96 kilometers) northeast of San Francisco and 35 miles (56 kilometers) southwest of California’s capital city of Sacramento. In many ways, Solano County is ideal for development. But cities and counties can’t figure out where to build as established neighborhoods argue against new homes that they say would congest their roads and spoil their quiet way of life. “Instead of watching our kids leave, we have the opportunity to build a new community that attracts new employers, creates good paying local jobs, builds homes in walkable neighborhoods, leads in environment stewardship, and fuels a growing tax base to serve the county at large,” it said.Ĭalifornia is in dire need of more housing, especially affordable homes for teachers, firefighters, service and hospitality workers. Past surveys showed parents were most concerned about their children’s future, the website said. The investment group said secrecy was required until enough land was purchased, in order to avoid short-term speculation, but that it is now ready to hear from Solano households via a mailed survey and creation of a community advisory board. “Their secrecy has caused a lot of problems, a lot of time, and a lot of expense.” Mike Thompson, who represents much of the county, said this week after meeting with Sramek. “The FBI, the Department of Treasury, everyone has been doing work trying to figure out who these people are,” U.S.















Sacramento biz journal