• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
TechSilicon Valley

Ranchers decry ‘arrogant’ Silicon Valley billionaires buying up land for ‘fantasy’ city near San Francisco: ‘We are now totally surrounded’

Steve Mollman
By
Steve Mollman
Steve Mollman
Contributors Editor
Down Arrow Button Icon
Steve Mollman
By
Steve Mollman
Steve Mollman
Contributors Editor
Down Arrow Button Icon
September 3, 2023, 2:17 PM ET
Jeanne McCormack and her husband Al Medvitz are less than thrilled with Silicon Valley elites spending nearly $1 billion to buy land around their ranch.
Jeanne McCormack and her husband Al Medvitz are less than thrilled with Silicon Valley elites spending nearly $1 billion to buy land around their ranch. Liz Hafalia/The San Francisco Chronicle via Getty Images

Silicon Valley tech elites have their reasons for wanting to build a new city near San Francisco. For starters, they’re fed up with the crime, drug markets, and homeless encampments—not to mention the sky-high housing costs and flight of companies from downtown.

Recommended Video

With that in mind, a group of them have spent nearly $1 billion buying up land in Solano County, about 60 miles outside San Francisco. Their idea is to build a utopian city with new homes, orchards, a solar-energy farm, and plenty of parks and open space. 

Less thrilled about the idea are Jeanne McCormack and Al Medvitz, owners of the 125-year-old, 3,700-acre McCormack Ranch, which is now surrounded—aside from a stretch facing the Sacramento River—by property bought for the planned city. McCormack is baffled by the project and its billionaire backers.

“They are so arrogant it’s amazing,” McCormack told the San Francisco Chronicle. “They know what they are going to do but they don’t even know anyone who lives here?” 

A farming community, she notes, should be big enough to support auxiliary businesses—repair shops, feed stores, slaughterhouses—and enable farmers to occasionally share resources and lease land to one another. Instead she’s seen one neighbor after another sell their property.

“We have new issues because we have to deal with neighbors who have no experience or expertise in agriculture,” said McCormack, whose ranch includes wheat, alfalfa, grape vineyards and more 1,800 sheep.

“Many of the farmers in the area lease foraging land from each other,” former West Sacramento mayor Christopher Cabaldon told the paper. “Flannery has canceled many of these foraging leases.”

It has also sued property owners in the area for allegedly colluding to drive up prices, ranchers say.

The land buyer giving McCormack and Medvitz so much angst is Flannery Associates, an affiliate of California Forever, an umbrella company that has spent more than $800 million on buying land in the eastern part of the county. Investors in California Forever include LinkedIn founder Reid Hoffman, Stripe cofounders John and Patrick Collison, and venture capitalists Michael Moritz, Marc Andreessen, and Chris Dixon, among others.

The backers “care deeply about the future of Solano County and California and believe their best days are ahead,” Flannery spokesman Brian Brokaw told the Chronicle. “We are proud to partner on a project that aims to deliver access to good-paying jobs, affordable housing, clean energy, sustainable infrastructure, open space, and a healthy environment to residents of Solano County.”

Medvitz said the area’s farming families formed a “profound bonding for the land” over generations. But the property deals linked to the project have created divisions within the community.

“With this new proposal and the way the new people are behaving,” he told the Chronicle, “all of that is going to be lost. For a fantasy.”

“If they want a new city,” he added, “San Jose is ripe. Fix what’s there.”

He noted, “We have had lots of people come out here and look at the river and say, ‘You ought to develop this.’ You have to say, ‘Wait a minute—it already is developed. It’s highly developed land. It’s highly developed for a different purpose.’”

Join us at the Fortune Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Author
Steve Mollman
By Steve MollmanContributors Editor
LinkedIn iconTwitter icon

Steve Mollman is a contributors editor at Fortune.

See full bioRight Arrow Button Icon

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Tech

Stressed out job seeker on laptop
Successjob hunting
Job-seekers aren’t imagining things: the number of candidates getting ghosted by employers just reached a three-year high
By Emma BurleighMarch 20, 2026
39 minutes ago
SuccessCareers
AI boom is fueling demand for skilled trades—and demand for technicians, HVAC workers, and electricians is soaring, with six-figure salaries to match
By Preston ForeMarch 20, 2026
1 hour ago
LawX
Three Tennessee teenagers are suing Elon Musk’s xAI for creating sexually explicit images of them
By The Associated Press and Travis LollerMarch 20, 2026
2 hours ago
Trump standing waving hi at a crowd
AIDonald Trump
The White House has a plan for AI regulation, and it starts with keeping states out of it
By The Associated Press and Seung Min KimMarch 20, 2026
3 hours ago
london
Commentaryinvestment banking
The 19th century banking problem that AI hasn’t solved yet
By Silvio Savarese and Sabastian NilesMarch 20, 2026
4 hours ago
spreng
CommentaryVenture Capital
Unicorns are flush with cash and stuck. A new kind of startup crisis is taking hold in 2026
By David SprengMarch 20, 2026
4 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.