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This Billionaire is Building A Futuristic Utopia, But You Must Apply to Live There. Here’s What to Expect.

Oct 18, 2021 | 0 comments

Robots on every street, autonomous vehicles, a high speed rail system, and one can’t forget a futuristic skyscraper ; These are just a few of the elements shown on a rendering of Telosa, a futuristic utopia that could see 50,000 settlers being welcomed by 2030 if former CEO of Walmart’s US e-commerce division, billionaire Marc Lore has his way.

A rendering of the futuristic dwelling.

Lore announced his ambitious plan last month,  saying that Telosa will offer residents equal access to education, healthcare, and transportation. According to the website, residents will get around in autonomous vehicles and the city will run on renewable energy. In a USA Today article on Sunday, Lore said while citizens of Telosa will be able to build their own homes and sell them, the city will maintain ownership of the land itself. “The sole purpose of creating a city in the desert would be so it’s owned by the community, basically take all the appreciation of the land and give it back to the citizens,” Lore told USA Today. “Taxes paid will go back to the city for infrastructure — roads, tunnels and bridges — so everyone would know exactly where their money is going,” he said.

The first phase of the project which will see some 50,000 persons selected via application process, and welcomed by 2030, will cost an estimated $25 billion USD. The total cost of the city is expected to surpass $400 billion and according to the Telosa website, It will be funded by investors and philanthropists, as well as government grants and subsidies. Lore says the Settlers” of the city will be chosen via a selection process focused on diversity and inclusion, and he’s working to determine the criteria with the help of a team of staff and volunteers that includes architects, economists, engineers, climate experts, and more.

While there has been no official location pinpointed for the development, a few regions have been mentioned as possibilities, among them, Nevada, Utah, Idaho, Arizona, Texas, and the Appalachian Region, which includes 13 states in the eastern part of the US.

 

 

 

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