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Fortune
Fortune
Steve Mollman

Ranchers decry ‘arrogant’ Silicon Valley billionaires buying up land for ‘fantasy’ city near San Francisco: ‘We are now totally surrounded’

(Credit: Liz Hafalia/The San Francisco Chronicle via Getty Images)

Silicon Valley tech elites have their reasons for wanting to build a new city near San Francisco. For starters, they’re fed up with the crime, drug markets, and homeless encampments—not to mention the sky-high housing costs and flight of companies from downtown.

With that in mind, a group of them have spent nearly $1 billion buying up land in Solano County, about 60 miles outside San Francisco. Their idea is to build a utopian city with new homes, orchards, a solar-energy farm, and plenty of parks and open space. 

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