The Billionaire Town in California That’s Going Broke - WSJ

Other employment costs are also soaring as the town is paying millions for consultants to comply with California’s affordable housing mandate. Homes in the town are worth $3.8 million on …

CouponFollow Extension

$3
OFF

The Billionaire Town In California That’s Going Broke - WSJ

2 weeks from now

Other employment costs are also soaring as the town is paying millions for consultants to comply with California’s affordable housing mandate. Homes in the town are worth $3.8 million on …

wsj.com

$3
OFF

Opinion | The Billionaire Town In California That’s Going Broke

2 weeks from now

Other employment costs are also soaring as the town is paying millions for consultants to comply with California’s affordable housing mandate. Homes in the town are worth $3.8 million on …

msn.com

$3
OFF

One Of CA's Richest Towns Is Running Out Of Money: Reports

2 weeks from now

Nov 1, 2024 · Politics & Government One Of CA's Richest Towns Is Running Out Of Money: Reports The town's average residence is worth $3.8 million and it is home to tech billionaires, …

patch.com

$510
OFF

California’s Billionaire Utopia Faces A Major Setback

2 weeks from now

Jul 26, 2024 · By November 2023, news broke that California Forever’s parent company previously sued a group of locals for $510 billion, citing antitrust violations after the defendants …

popsci.com

$3
OFF

One Of CA's Richest Towns Is Running Out Of Money: Reports

2 weeks from now

The town's average residence is worth $3.8 million and it is home to tech billionaires, but its government is low on funds, reports said. ... solutions Oct. 15 to stop the town from going …

msn.com

$510
OFF

“California Forever,” The Billionaire-Backed City No One Asked For

2 weeks from now

Apr 3, 2024 · That’s also to say nothing of the $510 million lawsuit Sramek filed back in May, accusing about 40 Solano farmers of price-fixing their land, which they’ve adamantly denied.

vanityfair.com

$400
OFF

Billionaire Backers Of New California City Reveal Map And Details Of ...

2 weeks from now

Jan 18, 2024 · Created in 2017, California Forever has purchased more than 78 square miles (202 square kilometers) of farmland in Solano County. The plan calls for $400 million to help …

pbs.org

$800
OFF

Billionaire Backers Of New California City Reveal Map And Details Of ...

2 weeks from now

Jan 17, 2024 · A company backed by Silicon Valley billionaires that stealthily snapped up more than $800 million dollars worth of rural land for what it has said will be a new utopian green city …

elpais.com

$800
OFF

Billionaire Backers Of New California City Reveal Map And Details Of ...

2 weeks from now

Jan 17, 2024 · California Forever, the company that stealthily snapped up more than $800 million of Solano County land in recent years, envisions a new community on roughly 30 square miles …

washingtonexaminer.com

FAQs about The Billionaire Town in California That’s Going Broke - WSJ Coupon?

Can billionaires stop Portola Valley from slipping into the Red?

But it seems even billionaires can't stop the town from slipping into the red. Portola Valley's cash reserves are running out fast, driven by rising costs from a new sheriff's contract which recently doubled to $2.1 million coupled with affordable housing requirements set by the Democrat state. ...

Is Portola Valley going broke?

A picturesque California community full of Silicon Valley billionaires which was once dubbed America's richest town is on the brink of going broke. Portola Valley, about an hour drive south of San Francisco, is home to 4,500 people. ...

Can billionaires stop Bay Area from slipping into the Red?

The Bay Area community is known for its wealthy, influential residents including LinkedIn co-founder Reid Hoffman. But even billionaires can't stop the town from slipping into the red. ...

Is Portola Valley facing a financial crisis?

Portola Valley, a scenic California enclave once dubbed the richest town in America, is facing a looming financial crisis. Despite its reputation as a haven for Silicon Valley billionaires, the town’s cash reserves are dwindling, driven by soaring costs and state-imposed affordable housing mandates. ...

Why is a wealthy San Francisco town facing financial problems?

California Governor Gavin Newsom together with various cities have sued to block a proposed ballot measure that would make it harder to increase state and local taxes. A wealthy town in the San Francisco Bay Area, is facing financial difficulties because of a variety reasons. The town's payments for the police have doubled in just three years. ...

Can tech billionaires Fix California's housing crisis?

It’s unnerving to many that a coterie of tech billionaires, whose business escapades have contributed to California’s housing crisis, would now consider themselves uniquely qualified to fix it. But such is the god complex of tech titans, whose plagues and panaceas arrive and depart with Biblical cyclicity. ...