California Forever: Analyzing billionaire promises for new city
… [CEO Jan] Sramek said California Forever has secured enough water for the 50,000 initial residents of the proposed community, and maybe even the first 100,000. The water rights came from the land the company has bought, he said, and are sourced from groundwater and the Sacramento River. The company could buy more water to supplement that, but wouldn’t need it for the first buildout, he said.