AI Generated Image
California Forever dealt blow as $3 billion contract goes to Texas
SFGATE • • business
Key Points:
- California Forever, a project aiming to expand Solano County by up to 400,000 residents, lost a $3.2 billion shipyard contract to Texas, marking a significant setback.
- The project, initially focused on building a new city on 65,000 acres purchased around Suisun City and Rio Vista, shifted towards manufacturing and shipbuilding to attract business.
- Saronic Technologies, an autonomous shipbuilder with a U.S. government contract, chose the Port of Brownsville, Texas, for its new shipyard, citing faster project timelines and significant economic benefits.
- California Forever blamed California’s slow permitting process and regulatory environment for losing the contract, despite support from state officials and community leaders.
- Despite this loss, California Forever continues to pursue its vision of creating a new city in Solano County, planning decades of continuous development to nearly double the county’s population.
