A development company has released details of long-term plans to create a new city in Northern California bankrolled with almost US$1bn of funding from technology billionaires.

California Forever said it had acquired more than 20,230ha of land in Solano County, north east of San Francisco, with the intention of creating new homes in “walkable” neighbourhoods in developments that “lead in environmental stewardship”.

The firm was founded in 2017 and its acquisition drive has been conducted by subsidiary company Flannery Associates. However the company has only set out its plans this month – and pointedly without an indication of the magnitude of new homes it anticipates delivering.

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