Mystery land buyers around California Air Force base revealed [View all]
KTLA https://ktla.com/news/california/mystery-land-buyers-around-california-air-force-base-revealed/
Despite early speculation China was behind the purchases — amid concerns that companies with ties to China have been ramping up efforts to buy American farmland — legal representation for Flannery has maintained the group is controlled by U.S. citizens, with 97% of its capital coming from U.S.-based investors.
According to the reports, the investors’ plan for the land involves creating a new urban center that could accommodate the growing demands of the tech industry and provide a fresh environment for innovation and economic growth.
Garamendi said utilizing an initiative means they’re going to override the local protections that are in place for Travis Air Force Base.
According to Garamendi, the area is “heavily impacted by some very severe restrictions that prevent development and other kinds of activities that would somehow degrade or harm Travis Air Force Base.”
Whoa.
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