Billionaires want to build a new city in rural California. They must convince voters first

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Silicon Valley billionaires behind a secretive $800 million land-buying spree in Northern California have finally released some details about their plans for a new green city, but they still must win over skeptical voters and local leaders.

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After years of ducking scrutiny, Jan Sramek, the former Goldman Sachs trader spearheading the effort, launched a website Thursday about "California Forever." The site billed the project as "a chance for a new community, good paying local jobs, solar farms, and open space" in Solano, a rural county between San Francisco and Sacramento that is now home to 450,000 people. 

He also began meeting with key politicians representing the area who have been trying unsuccessfully for years to find out who was behind the mysterious Flannery Associates LLC as it bought up huge swaths of land, making it the largest single landholder in the county.

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- CBSnews