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The billionaires’ dream city that’s a nightmare for Californians

Addressing a crowd of frowning faces inside a packed hall in Vacaville, northern California, Jan Sramek extols the virtues of the new city he hopes to build nearby.

With a slick presentation promising well-paying jobs, affordable homes and an eco-friendly community, the former Goldman Sachs trader sells the project as a solution to the state’s dire housing shortage.

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