Billionaire Envisions Building New $400 Billion City For 5 Million Residents

While billionaires like Elon Musk and Jeff Bezos are busy battling in space, another has a bigger plan: To make Earth a better place to live.

Marc Lore, who made his fortune as a top executive at Walmart, wants to build a new city in America that would be home to 5 million inhabitants. And he’s appointed a world-famous architect to design the city, CNN reported.

The outlet reported that Lore last week “unveiled plans for Telosa, a sustainable metropolis that he hopes to create, from scratch, in the American desert. The ambitious 150,000-acre proposal promises eco-friendly architecture, sustainable energy production and a purportedly drought-resistant water system. A so-called ’15-minute city design’ will allow residents to access their workplaces, schools and amenities within a quarter-hour commute of their homes.”

“We have a chance to prove a new model for society that offers people a higher quality of life and greater opportunity. When I look out 30 years from now, I imagine Equitism serving as a blueprint for other cities — and even the world — and Telosa being a place of pride for all who live there,” Lore told CNN.

The site for the proposed city has not yet been picked, but planners are scouting places in Nevada, Utah, Idaho, Arizona, Texas, and the Appalachian region, according to the project’s official website. The projected move-in date is 2030.- READ MORE