Billionaires’ utopia company California Forever scraps plan for ballot initiative in wake of damning report

Days after a Solano County report slammed a plan backed by Silicon Valley billionaires to build a utopian new city from scratch near Fairfield, the company behind the “California Forever” project has scrapped the ballot initiative it was to put to county voters in November.

The report released late last week by Solano County said the new city was likely to cost billions in county funds and create substantial financial deficits, while slashing agricultural production and potentially threatening local water supplies.