Sources tell the ABC7 News I-Team that a group of Silicon Valley investors are behind the land purchases around Travis AFB. Their plan? To build a new city.
This is the first time a representative of the firm has reached out to meet with congressional leaders since the purchases started in 2018 - leading to a federal investigation after concerns were raised over national security.
A source familiar with the matter has confirmed to the I-Team, that billionaire venture capitalist Michael Moritz had the idea to "invest in the creation of a new city" where land was cheap and could generate thousands of jobs. A source close to the network of investors told the I-Team, that the Flannery is backed by the heavyweights of Silicon Valley.
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