The company is called Flannery Associates and they started making these purchases back in 2018, they have spent over 800 million Dollars to acquire land around the air base.
The company’s investors, mainly originating from Silicon Valley, aim to build a new city from scratch to cater to the growing demands of the tech industry. However, these acquisitions have raised national security concerns due to their proximity to the air force base.
The company’s claims of being backed mostly by US based investors are yet to be verified by federal officials. Investigations into Flannery Associates by the air force’s foreign investment risk review office are ongoing. The company has been accused of employing strongarm tactics to acquire land, even initiating a 510 million dollars lawsuit against families of farmers who allegedly inflated the land’s value.
