‘Mystery company’ buys $1B worth of land near US Air Force baseBy Ariel Zilber
July 25, 2023
A mysterious company has bought up nearly $1 billion worth of land near a major air force base in California — prompting concern that a foreign entity could be using the investment to harm US national security.
Flannery Associates, a limited liability company that is registered in Delaware, has purchased around 52,000 acres of mostly farmland near Travis Air Force Base in Solano County, which lies about 60 miles northeast of San Francisco.
The firm, which in five years has become the largest landowner in the county, is now the subject of an inquiry by the federal government, according to The Wall Street Journal.
The eyebrow-raising purchases follow fears expressed by lawmakers last year after a Chinese company bought 300 acres of farmland near a US Air Force base in Grand Forks, ND, which hosts sensitive drone technology.
The buying spree by Flannery has led the Agriculture Department to request information on the company’s ownership structure, according to the Journal.
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Source:
https://nypost.com/2023/07/25/flannery-associates-buys-1b-worth-of-land-near-air-force-base/
