Tag

Land Deals

All articles tagged with #land deals

Louisiana Senator’s Land Moves Tie to Meta’s Hyperion Datacenter Sparks Ethics Questions
politics3 days ago

Louisiana Senator’s Land Moves Tie to Meta’s Hyperion Datacenter Sparks Ethics Questions

A Floodlight investigation finds Louisiana state Senator Jay Morris used his official position to push Meta’s Hyperion datacenter while he and business partners bought and sold land nearby, including selling parcels to Entergy for a methane-fired power plant. Morris lobbied regulators, cosponsored bills that broadened LED authority and supported tax breaks totaling about $3.3 billion for the project, and did not disclose his land interests. Experts say the pattern raises ethics concerns about conflicts of interest, which Morris denies. The elevated land values around the site and undisclosed deal details add to the controversy as the project proceeds.

Silicon Valley Titans Unveiled as Mystery Investors in $800 Million Land Grab
technology2 years ago

Silicon Valley Titans Unveiled as Mystery Investors in $800 Million Land Grab

A mysterious company called Flannery Associates, backed by prominent Silicon Valley investors including Michael Moritz, Reid Hoffman, Marc Andreessen, and Chris Dixon, has spent over $800 million to purchase thousands of acres of land in the San Francisco Bay Area. The company's plans for the land, located in Solano County, remain largely unknown, leading to speculation and curiosity among locals, members of Congress, and even the nearby Air Force base. Flannery Associates aims to transform the area into a thriving community with clean energy, public transportation, and dense urban life. However, rezoning the land for residential use and navigating California's challenging development process will be significant hurdles for the project.