Investors Bought Nearly $1 Billion in Land Near a California AF Base. Officials Want to Know Who

[Zorro]

Full Headline: Investors Bought Nearly $1 Billion in Land Near a California Air Force Base. Officials Want to Know Who Exactly They Are.

Flannery Associates’ purchases near Travis Air Force Base have alarmed local and federal officials

WASHINGTON—Government officials are investigating large land acquisitions near a major air force base northeast of San Francisco, concerned that foreign interests could be behind the investment group that purchased the land.

At the center of the probes is Flannery Associates, which has spent nearly $1 billion in the last five years to become the largest landowner in California’s Solano County, according to county officials and public records.

An attorney representing Flannery said it is controlled by U.S. citizens and that 97% of its invested capital comes from U.S. investors, with the remaining 3% from British and Irish investors. Flannery previously told Solano County the entity “is owned by a group of families looking to diversify their portfolio from equities into real assets, including agricultural land in the western United States.”

“Any speculation that Flannery’s purchases are motivated by the proximity to Travis Air Force Base” is unfounded, the attorney said.

The Air Force’s Foreign Investment Risk Review Office has been investigating Flannery’s purchases of roughly 52,000 acres, including around Travis Air Force Base, according to people familiar with the matter. But the office, which has been looking into the matter for about eight months, has yet to be able to determine who is backing the group, one of the people said.

https://www.wsj.com/articles/investors-bought-nearly-1-billion-in-land-near-a-california-air-force-base-officials-want-to-know-who-exactly-they-are-fd868e38?st=dvs49ci3die4ocg&reflink=desktopwebshare_permalink

I believe Travis was once the home of SR-71s and may be the current home of U2s.

[blm]

1. Probably a RW group that intends to lay claim to

the base after the civil war they have been preparing for is finally triggered to their satisfaction.

[marybourg]

2. Beale was the home of the Blackbird.

[Zorro]

4. Ahh yes. Thanks for the correction.

[MOMFUDSKI]

3. Our Country

is for sale.

[Lochloosa]

6. I heard the same crap in the 70s about Japan.

It's always been for sale.

[RainCaster]

5. Back in the 80s, Moffett was home to at least one U2

I worked right under it's landing pattern, and that high pitched scream woke me up around 3pm a few times each week. I was there the one time a Blackbird came in- all I can say is WOW. It was loud.

[MySideOfTown]

7. high pitched scream woke me up

So you are among the woke LOL.

[Igel]

8. I understand this.

Fer'ners might want land next to what's important.

Got it. Understand =/= agree. (And no, I think US foes should be restricted, and look forward to democractically produced laws to that effect.)

At the same time, I don't got evidence that this an instance of foreign actors.

Travis AFB is likely to be surroundee, in the next 20 years, by suburbs.

Land there is piss poor investment, per me--but others disagree. I was sure and was on the record as saying Trump would lose in 2016. That entails humility. Perhaps the investment firm is right.

Then again, it claims about 100% American-ness. Dig in, and that's average per stockholder. It might go pro-X, X undefined (by me).

Sure, check. But make it a fidelity check, a "Heil!" issue--otherwise that's "now" disturbing.

Perspective is crucial, and sorrowfully absent in US politics.

[3Hotdogs]

9. No mystery. There's a new Starbucks gonna open August 1st.