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Silicon Valley’s plans for a start-up city are on hold. The delay was announced as part of a joint agreement between California Forever, the company behind the development, and a member of the Solano County’s Board of Supervisors. The agreement means that a ballot initiative, which the company had hoped to put before Solano County’s voters this year, will not appear on the November ballot as planned. California Forever said it would instead spend the rest of this year and next preparing an environmental impact report and trying to craft a development agreement with the county. The project would still have to go before voters to win final approval.
Persons: San Francisco —, Solano County’s Organizations: East Solano Plan, Solano County’s, Supervisors, Solano Locations: San Francisco, California
Jan Sramek has spent the past several months in restaurants and conference rooms pitching politicians, environmentalists and labor unions on a plan to erect a new California city on open farmland in an eastern corner of the San Francisco Bay Area. The project is backed by a host of big Silicon Valley names, including the venture capitalists Michael Moritz and Marc Andreessen, the LinkedIn co-founder, Reid Hoffman, and the Emerson Collective founder, Laurene Powell Jobs. At an event Wednesday evening, Mr. Sramek, the chief executive of a company called California Forever, took his case to the Solano County voters. Mr. Sramek took it in stride, patiently answering questions and appearing mostly unruffled. He promised improved infrastructure, employment and middle-class homes for the county’s 450,000 residents.
Persons: Jan Sramek, Michael Moritz, Marc Andreessen, Reid Hoffman, Laurene Powell Jobs, Sramek, , “ Flannery Will Ruin Organizations: San Francisco Bay Area, LinkedIn, Emerson Collective, Solano County voters, Vallejo Naval, Historical Museum Locations: California, San Francisco Bay, Solano County
From 2011 to 2015, about 100,000 properties — more than a quarter of the Detroit lots — were auctioned in tax foreclosures, according to Regrid, a Detroit-based provider of parcel data nationally. (Speculators recently made money after the city bought out vacant lots to help revive an auto plant that would bring jobs to the area.) Mr. Allen said his main project at the agency was finding new ways to stimulate growth that didn’t rely on grants and tax breaks. After reading “Progress and Poverty” years earlier, he’d become obsessed with the problem of speculation, and suggested a land-value tax. A tax break for residents — paid for by nameless investors who are “taking advantage of the city” — would seem like a political layup.
Persons: Duggan, Nick Allen, Allen, he’d, Henry George, Organizations: Massachusetts Institute of Technology, Mr, Poverty Locations: Detroit
With interest rates rising and mortgage costs with them, homebuilders are pulling in yards, tightening living rooms and lopping off bedrooms in an attempt to keep the monthly payment in line with what families can afford. In a recent survey of architects, John Burns Research and Consulting found that about half expected their average house size to decline. New communities will have more duplexes or small-lot single-family homes that are just a few feet apart. Even in Texas, where land is abundant, builders are adding more homes per acre, the company found. “The monthly payment matters more than anything else and builders have responded with smaller, more efficient homes,” said John Burns, the company’s chief executive.
Persons: John Burns, , Hayden Organizations: John Burns Research, Consulting Locations: Texas, Pacific Northwest, exurbs
What if you built a new city from the ground up? Mr. Sramek, a former Goldman Sachs trader, had moved to the San Francisco Bay Area to make it in tech. He was a European immigrant smitten with the energy of local start-ups, but he preferred more walkable cities like Zurich. Soon, he began taking fishing trips to Solano County on the San Francisco Bay’s eastern edge. A rural corner of the county eventually became the centerpiece of a plan hatched by Mr. Sramek to build a city from scratch.
Persons: Jan Sramek, Sramek, Goldman Sachs, Flannery Organizations: San, San Francisco Bay Area, Flannery Associates Locations: San Francisco Bay, European, Zurich, Solano County, San Francisco, Silicon Valley
Jan Sramek was 15 years old the first time he tried to get a government to do something he wanted. The problem was his town of 1,400 people had only dial-up internet service. He persuaded the local government to pay an internet service provider to bring the town a broadband connection. He was even paid a commission for it, Mr. Sramek wrote in “Racing Towards Excellence,” a sort of self-help book for ambitious young adults he co-wrote in 2009. The next campaign for Mr. Sramek could be more profitable.
Persons: Jan Sramek, Sramek Organizations: Silicon Locations: Drevohostice, Czech Republic, Northern California
In 2017, Michael Moritz, the billionaire venture capitalist, sent a note to a potential investor about what he described as an unusual opportunity: a chance to invest in the creation of a new California city. The site was in a corner of the San Francisco Bay Area where land was cheap. He painted a kind of urban blank slate where everything from design to construction methods and new forms of governance could be rethought. And it would all be a short distance from San Francisco and Silicon Valley. “Let me know if this tickles your fancy,” he said in the note, a copy of which was reviewed by The New York Times.
Persons: Michael Moritz, Moritz Organizations: The New York Times Locations: California, San Francisco Bay, Paris, New York, San Francisco, Silicon Valley
Traditional public housing, financed by the Department of Housing and Urban Development and operated by one of the nation’s roughly 3,300 public housing agencies, is locked in steady decline. Today, instead of building taxpayer-owned buildings, much of the federal housing money flows through the private sector. The underlying message of those programs is that the era of government-owned housing is over. In Montgomery County, however, the stock of government-owned housing has steadily grown for decades while the definition of what it can be has expanded. The reason: In the Washington region, as in every other high-growth metropolitan area, the demand for affordable housing is way beyond what federal housing programs can provide.
Organizations: Department of Housing, Urban Development Locations: Montgomery County, Washington
“There is a pretty foundational bias against renters in American sociological and political life,” said Jamila Michener, a professor of government and public policy at Cornell. But the number of renters has grown steadily over the past decade to about 44 million households nationwide, while punishing housing costs have migrated from coastal enclaves to metropolitan areas around the nation. More salient to politicians, perhaps, is that renters are increasingly well-off — households that make more than $75,000 have accounted for a large majority of the growth in renters over the past decade, according to the Harvard Joint Center for Housing Studies. At the same time, the struggle to find something affordable has escalated from lower-income tenants to middle-income families that in past generations would very likely have owned their homes. In other words, renter households are now composed of families much more likely to vote.
Persons: , Jamila Michener, Organizations: Cornell, Harvard Joint Center for Housing Studies
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