A BILLIONAIRE is attempting to make a new $400 billion city in the US, making space for five million residents in a desert.
The city, named Telosa, was thought up by former US Walmart e-commerce CEO Marc Lore.
States where Telosa could end up include Utah. Nevada, and Texas, among others with plenty of space[/caption]
Telosa wants to house five million residents[/caption]
The city’s gateway would be a prime transportation spot[/caption]
Telosa hopes to bring futuristic urban planning to America by providing sustainable options to its residents.
It would offer a community endowment to those who lived there, leading to higher land value and better funding for the city.
“If the community sold the land and created an endowment — similar to a university or hospital endowment — they could earn $50 billion a year,” the website read.
“$50 billion that would go back to the citizens in the form of healthcare, education, jobs training, affordable housing, and more.”
The goal is 100 percent renewable energy in the new city, alongside zero waste.
Much less bustling than New York City and way more modern than Los Angeles, the drawings show flying vehicles, self-driving cars, and tons of greenery.
Uniquely-shaped buildings cover the skyline as a large transportation gateway sits in the center of Telosa.
Some of the states being considered for the city include Nevada, Utah, Idaho, Arizona, Texas, and the Appalachian region.
The city will be under a new economy structure dubbed as equitism, or “[a]n economic system in which citizens have a stake in the city’s land.”
Some equitism features include 20 percent food residency, 90 percent water reduction, zero mobility emissions, and 500 square ft. per capita in open space for residents.
“It retains the same system of Capitalism but with an additional funding mechanism for enhanced services — through the land.”
“With Equitism, we will create a much higher-level of social services offered to residents, without additional burdens on taxpayers,” the website reads.
Lore, who also co-owns the NBA Minnesota Timberwolves and WNBA Minnesota Lynx, currently serves as the founder and CEO of Wonder.
“The mission of Telosa is to create a more equitable and sustainable future,” Lore said of the project.
Telosa’s partners
Building a city doesn’t happen with just one person. Telosa’s partners include:
BIG-Bjarke Ingels Group: A group of architects based out of Copenhagen, New York, London, Barcelona, and Shenzhen
Polco: A community engagement analytics company
RCLCO: A real estate planning organization
Buro Happold: An engineer, designer, and consultant group
Archer: An air mobility company
Henry George School of Social Science: An association focused on “economic justice, urban decay, environmental policy as well as tax policy.”
“That’s our North Star, and that’ll never change.”
The project has been imagined with Lore by architecture company BIG, or Bjarke Ingels Group.
It’s promising better social services like education and housing, a participatory democracy, and a design that lessens noise and pollution with a good transportation system.
“[I]t’s not only about creating the city of Telosa itself, which we hope will set a new standard for urban living,” the website says.
“It’s also about building a city with a soul, a city focused on actual human beings.”
Autonomous cars are a big feature of the city’s planning[/caption]
The architecture for Telosa features futuristic designs[/caption]
The city aims to be “people-first”[/caption]
