Lee Duna to Technology@beehaw.orgEnglish • 10 months agoA 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 Franciscowww.businessinsider.comexternal-linkmessage-square28fedilinkarrow-up1143cross-posted to: technology@lemmit.onlinetechnews@radiation.partyhackernews@derp.footechnology@lemmy.world
arrow-up1143external-linkA 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 Franciscowww.businessinsider.comLee Duna to Technology@beehaw.orgEnglish • 10 months agomessage-square28fedilinkcross-posted to: technology@lemmit.onlinetechnews@radiation.partyhackernews@derp.footechnology@lemmy.world
minus-squareBlastasauruslinkfedilink7•edit-210 months agoExcept for that initial $800 million, plus the billions it will cost for infrastructure.
minus-squareAggressivelyPassivelinkfedilink12•10 months agoThey 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.
minus-squarepbjammlinkfedilinkEnglish2•10 months agoThat 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