The former Walmart executive and Billionaire Marc Lore last week unveiled a $400 billion plan for Telosa, a new city in America where everyone composts, drives electric cars, eats plant-based, and wears thrifted clothing.
“Telosa will be the most open, the most fair, and the most inclusive city in the world,” with a mission to “create a more equitable and sustainable future”, said founder Marc Lore.
According to Lore, most cities that have been built from scratch in the recent past have simply been “real estate projects.” Telosa is being built from scratch too, but it’s different because it will center the people, along with its mission and values.
Lore is designing the city by combining the best elements of various cities around the world — for example, he wants it to be “as vibrant and diverse as a New York City, combined with efficiency safety and cleanliness of a city like Tokyo, combined with the social services, the sustainability and the governance model of a city like Stockholm.”
Telosa website says: a new city built from scratch avoids the legacy issues of infrastructure and policies that constrain and restrict what can be developed. The clean slate allows the opportunity to redesign a city with the needs of people at the center. We benefit from the knowledge, innovation and expertise that has been learned since other cities were built in the US. We can build the most sustainable and resilient city that will serve as a model helping residents in existing cities along the way.
“To create a new city in America that sets a global standard for urban living, expands human potential, and becomes a blueprint for future generations.”
-Telosa
Telosa will be built in the United States, the company said. The company said it has established site selection criteria, engaged experts and plans to begin conversations with local, state, and federal leaders to help identify the ideal location.
Telosa has listed some potential locations include:
- Nevada
- Utah
- Idaho
- Arizona
- Texas
- Appalachian Region
Telosa says it anticipates that it will cost over $25 billion for the initial phase (1500 acres, 50,000 residents) and over $400 billion for the city build-out. Funding will come from various sources including private investors, philanthropists, federal and state grants, and subsidies for economic development, the company said.
Why will people move to Telosa? Telosa says:
Residents will come to Telosa for several reasons — good jobs, education, and a higher quality of life will play a large role. At the same time, we also believe that many will come to Telosa to take advantage of our new way of life. Some will come for the adventure and to live in a vibrant, exciting, sustainable city that is forging a blueprint for the future. Most importantly, the residents will have a part in creating something new and with that comes the inherent pride to join the community.
Telosa will create a place integrated with nature for outdoor recreation and a 15-minute city area where you work, live, learn and have access to all of your basic needs within your neighborhood. The economic vibrancy that creates jobs and opportunities will build a strong community that values individual achievement and the notion that we don’t leave people behind.
Visitors and residents will also view Telosa as a destination to experience the adventure of next-generation mobility, world-class education that will shape the future, the newest innovation in the industry, and the most unique entertainment and culture.
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