Sounds exciting, would love to work there and see this all grow and help develop it.
Seems cheap, in BC 800million might get you 800 regular sized lots, going to be a tiny village
So a property development company is developing a property. What’s the mystery?
a new city, or like, some kind of dystopic conclave for the super-wealthy?
No, that’s in orange county. It’s called Irvine. It’s ran by the Irvine corporation. Obsidian, a game developer in Irvine, made the outer worlds. A game filled with examples of why corporations shouldn’t own a city. It’s pretty hypocritical since obsidian benefits vastly from Irvine corporation.
I mean, they are a bit late to the party covering this, but o.k. It’s been in major news outlets here for years. Anytime that land get snapped up people take notice. Including eyes at Travis, which they didn’t even get into in the article. Between the litigation around purchase costs, regulations which are in place already to protect the interests and security of Travis, to the general development regulations of the state, they are in for a rude awakening if they believe in any pipe dreams on the site. They likely won’t happen as they think they might anyway… There is enough red tape in California real estate development alone to wrap the planet. The only “company” that so far has managed to come even close to building “new city” type agreements has been Google - the only ones who, for obvious reasons, have not even batted an eye at coughing up to date $1B in land investment around the Bay Area with it’s vision for mixed use space within existing city limits in Mountain View and San Jose, and support of more housing development.
