"We're very, very concerned about this." A Solano County congressman is sounding the alarm about a mystery company that has bought $800 million of land near Travis AFB. After eight months of investigation, government officials have been unable to identify who's behind it and rule out any threat to national security.

Foreign LLC continues to acquire land in California critical to energy and national defense.

FAIRFIELD, Calif. (KGO) – The United States Air Force is investigating a company that’s purchased $800 million of land near Travis Air Force Base, one of the most critical military bases in the U.S. But after eight months of investigation, government officials have been unable to identify who’s behind it nor rule out any threat to national security.

Flannery LLC was founded 4 and 1/2 years ago and was registered to a Washington DC-based law firm.

There is no information about the actual ownership of this LLC. The previous Reddit thread from 4 years ago has some interesting tidbits of information that you may be interested in reading in addition to the new article.

https://www.reddit.com/r/Sacramento/comments/c96bkb/a_mysterious_corporation_has_quietly_bought/

What’s additionally interesting is that the land that they acquired around Travis Air Force Base will be bayfront property with future sea level increases of between 3 to 5 ft. NOAA has predicted the sea level increase will blow by that with a 7.2 ft average global sea level rise by 2100.

So either we have a secretive Chinese back shell company acquiring critical infrastructure and land for spying on American military assets, or a very optimistic wealthy investor with way too much money and is getting creative in what kind of investment schemes they park their money in.

  • LordOfTheChia@lemmy.worldEnglish
    23·
    1 year ago

    Others have pointed out that the purchased land is predicted to remain farmable when other regions in California become too dry to farm.

    However, them suing landowners for not selling points to either extreme greed or a project that may necessitate having a contiguous portion of land.

    • PersnickityPenguin@lemm.eeOPEnglish
      2·
      1 year ago

      Really? Most of this land looks like it is marginal land that is not very productive for anything. It’s very low lying, around 0 to 1 ft above sea level and much of that area is actually tidal flats protected by dikes from the bay.

      I’ve driven around the bay before, and there’s a lot of shitty land around it that’s basically not used for anything. I wouldn’t even want to own a house along that area because it will be underwater within 20 or 30 years anyways.