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If this is supposed to be some sort of vote dilution thing I feel like you'd have more productive outcomes building a city around the Idaho/Montana/Wyoming borders using the geothermal power of the Yellowstone plume to support the city's power demands.
Or you could be even more productive vs cost of investment and relocate the offices of major federal departments and agencies to inject a bunch of educated professionals into all those rural states that'll become the kernels around which new urbanized and educated voting blocs will form.
The main thing will be offering benefits attractive enough that those federal employees will actually bite for it to work.
It seems more like a way to maintain their company presence in Silicon Valley while slowly transitioning everything to this new city, not too far away, and try to make it the new Silicon Valley but actually better planned for long term, high population density. As an added bonus, they get to control the local government to crack down on crime and homelessness. And they'll also get to collect rent from their employees. It's too expensive to buy all the current real estate in SF so they can build their own 60 miles away and get everyone to relocate there and slowly raise the prices and make a shit ton of money.