Category
Economy
Markets, trade, employment, prices and economic policy.
Credibility summary
Of the 186 claims in Economy with evidence either way, 91% held up.
Showing 1141-1160 of 1595 claims
Skeptics say it would eviscerate farmland and turn a quaint community into the civic equivalent of a shell company
Boosters say it could transform the region's economy revive the middle class and stanch the outflow of businesses from California
Renderings show a Brooklyn-esque neighborhood packed with three-to-five-story buildings surrounded by parks plazas and farmers' markets
Suisun City's two most prominent features are its marshy waterfront and its lack of money
Return could be many times initial investment from rezoning and far more if building started
Financial gains could be huge
Mr Moritz acknowledged rezoning could be challenging
Representatives for Flannery reached out to John Garamendi and other elected officials requesting meetings about their plans
The Bay Area is among the country's most expensive regions
The group focused on Jepson Prairie and Montezuma Hills an agricultural patch of eastern Solano County between Fairfield and Rio Vista
Over five years the company purchased 140 properties from 400 owners
In November 2018 the company sent offers to most landowners including incentives such as allowing sellers to retain income from wind turbines and stay on properties rent-free
Price per acre has escalated and recent purchases neared $20000 per acre
His group secured 1400 acres for less than $5000 per acre
Economists and housing experts blamed a housing shortage and California's inability to build enough to meet demand
The group planned to start working with Solano County residents elected officials and Travis Air Force Base next week
The company's investors are a who's who of Silicon Valley
The company's ambitions are to convert an arid patch of brown hills into a community with tens of thousands of residents clean energy public transportation and dense urban life
Jan Sramek is the brainchild of Flannery a former Goldman Sachs trader who courted tech industry's biggest names as investors
Flannery made offers to every landowner for miles paying several times the market rate
Recently analyzed in Economy
Some price increases stemmed from tariffs other factors like housing and food costs played a larger role
June inflation highest since February Trump's tariffs increased prices
Prices are rising because of tariffs
Risk is that investors begin to doubt United States will pay back its debts and start demanding higher interest rates
The New York Times
Country is still on track to borrow an alarming amount of money in coming years
The New York Times