311

Foreign LLC continues to acquire land in California critical to energy and national defense.

FAIRFIELD, Calif. (KGO) -- The United States Air Force is investigating a company that's purchased $800 million of land near Travis Air Force Base, one of the most critical military bases in the U.S. But after eight months of investigation, government officials have been unable to identify who's behind it nor rule out any threat to national security.

Flannery LLC was founded 4 and 1/2 years ago and was registered to a Washington DC-based law firm.

There is no information about the actual ownership of this LLC. The previous Reddit thread from 4 years ago has some interesting tidbits of information that you may be interested in reading in addition to the new article.

https://www.reddit.com/r/Sacramento/comments/c96bkb/a_mysterious_corporation_has_quietly_bought/

What's additionally interesting is that the land that they acquired around Travis Air Force Base will be bayfront property with future sea level increases of between 3 to 5 ft. NOAA has predicted the sea level increase will blow by that with a 7.2 ft average global sea level rise by 2100.

So either we have a secretive Chinese back shell company acquiring critical infrastructure and land for spying on American military assets, or a very optimistic wealthy investor with way too much money and is getting creative in what kind of investment schemes they park their money in.

top 50 comments
sorted by: hot top controversial new old
[-] Chetzemoka@kbin.social 62 points 1 year ago

Oh, so NOW the feds have a problem with secret corporate ownership.

Maybe let's do something to limit the onshore tax havens in Delaware, Wyoming, Nevada....

[-] Xanthobilly@lemmy.world 11 points 1 year ago

When you own a piece of land, the feds own you, when you own all the land, you own the feds.

[-] Mic_Check_One_Two@reddthat.com 29 points 1 year ago

If Travis AFB is truly that concerned about it, why haven’t they simply bought the land instead? It’s the military; We all know they have literal billions of dollars to waste. Instead of complaining about some mystery investor purchasing the land, why not purchase it yourselves and incorporate it into the AFB?

[-] PersnickityPenguin@lemm.ee 37 points 1 year ago

The military isn't just allowed to buy up land willy nilly without oversight and direction from civilian officials. Do you remember when Clinton closed hundreds and thousands of military sites back in the '90s?

So they don't really get to decide on basic expansions solely within the military. And generally speaking, the military doesn't spend unnecessary money to expand military bases and provide a buffer zone around land that isn't used for bombing ranges and whatnot. Travis appears to be just a typical Air Force air base with a couple of runways.

However, these articles point toward other very shady acts going on including the proposed 400 ft tall observation Tower to oversee the airbase. Why would a farming operation or a land investor want an observation tower to overlook an Air Force Base?

[-] stinky613 11 points 1 year ago* (last edited 1 year ago)

The 400ft tall silo was near Minot Air Force Base in North Dakota and was known to be owned by a company from China

None of that has any tie to the company that bought land near Travis AFB

Land purchased by a Chinese company near one US AFB doesn't logically imply that any purchased land near a US AFB is a Chinese spy operation

[-] Entropywins@kbin.social 5 points 1 year ago

Yeah I'd be a bit concerned of something around minot afb myself... used to be stationed there back in the early 2000's

[-] stinky613 5 points 1 year ago

Yeah a 400ft tall silo overlooking Minot AFB is concerning. It also has nothing to do with OPs article about Travis AFB

China does enough shady shit that we don't need baseless accusations being thrown around

[-] PersnickityPenguin@lemm.ee 4 points 1 year ago

I see, thank you for correcting me. It does look like these two entities purchasing land are separate, although it is not impossible for them to both be funded by China.

[-] overzeetop@lemmy.world 2 points 1 year ago

I suppose the best option would be to decide to expand the fan, condemn the land, and take it over using eminent domain for assessed value on the tax records.

Quick somebody find a way to link this to China so we can get the GOP to start yelling about limiting foreign investment in US real estate. With a little luck we might can wrangle this into something that will lower the cost of housing.

[-] afraid_of_zombies@lemmy.world 8 points 1 year ago

Have we tried building more housing? I know radical idea.

Yeah, it keeps getting bought up and turned into airbnbs.

[-] agitatedpotato@lemmy.world 3 points 1 year ago

If you allow land to be turned into an investment opportunity why would anyone whos got that kind of money put a regular house there and sell it when they could just make it a permanent investment at the cost of other people not being able to buy houses to live in.

[-] KaiReeve@lemmy.world 2 points 1 year ago

This is the real issue right here. It's more than just Airbnb's, though, it's all 'investment real estate'.

The solution would be to exponentially increase taxes for those who own multiple properties, but property tax is typically handled on the county level, so this would be tricky. Also, the people who could implement such a tax all own multiple properties, so there's a conflict of interest there.

[-] OminousOrange@lemmy.ca 1 points 1 year ago

Canada is struggling with this at the moment. It's a great idea on paper, but our development style is unsustainable and we simply can't keep up with demand. Not to mention that build costs are up 50% since 2020.

Affordable, efficient housing that is close to amenities is what is needed, but supplying that is quite unlikely given build costs and North America's infatuation with the suburb.

load more comments (1 replies)
[-] PersnickityPenguin@lemm.ee 3 points 1 year ago

There's a good chance that China was a one harassing US Navy warships a few years ago.

https://www.thedrive.com/the-war-zone/drone-swarms-that-harassed-navy-ships-demystified-in-new-documents

Not definitive however.

[-] SCB@lemmy.world 1 points 1 year ago

Lowering retail investment will not lower the cost of housing - quite the opposite.

[-] LordOfTheChia@lemmy.world 25 points 1 year ago

Others have pointed out that the purchased land is predicted to remain farmable when other regions in California become too dry to farm.

However, them suing landowners for not selling points to either extreme greed or a project that may necessitate having a contiguous portion of land.

[-] PersnickityPenguin@lemm.ee 6 points 1 year ago* (last edited 1 year ago)

Really? Most of this land looks like it is marginal land that is not very productive for anything. It's very low lying, around 0 to 1 ft above sea level and much of that area is actually tidal flats protected by dikes from the bay.

I've driven around the bay before, and there's a lot of shitty land around it that's basically not used for anything. I wouldn't even want to own a house along that area because it will be underwater within 20 or 30 years anyways.

[-] reddig33@lemmy.world 8 points 1 year ago* (last edited 1 year ago)

This has been posted multiple times and it has been pointed out each time that the company isn’t really a mystery.

For example:

https://www.reuters.com/legal/litigation/california-landowners-are-sued-510-million-over-inflated-real-estate-prices-2023-05-19/

[-] LordOfTheChia@lemmy.world 24 points 1 year ago

The company isn't a mystery, however the ownership, leadership, and investors of the company are unknown.

Only the lawyers are known so far.

[-] dogslayeggs@lemmy.world 1 points 1 year ago

OK, so if the company isn't a mystery, then who are their owners or directors? Where did they get $800 million?

[-] chaogomu@kbin.social 4 points 1 year ago

Travis isn't even the best base in California to spy on. Beale AFB is just up the road and has more interesting shit.

[-] skepticalifornia@lemmy.world 1 points 1 year ago

I live up the road from Beale and there is always weird shit going on there.

[-] Duder167@lemmy.world 4 points 1 year ago

I always hear the old lady from Beavis and butthead do America when I hear the name Travis

load more comments (3 replies)
[-] LexiconDexicon@lemmy.world 3 points 1 year ago

What if it's a wealthy Native American just buying their land back? Probably not, but it would be peak irony

load more comments
view more: next ›
this post was submitted on 23 Jul 2023
311 points (96.4% liked)

World News

39153 readers
2810 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS