A former Walmart executive wants to build a $ 400 billion smart city somewhere in the United States.
Last week, billionaire Marc Lore revealed his plans to build the utopia, Telosa, which would include 150,000 acres and house 5 million people over the next 40 years.
“If you really want to look for a moonlight: you have to start with a big, bold vision, you have to raise the required capital and surround yourself with the best people in the world. If you do these three things right, you can do magical and amazing things. said Lore.
Now he has to find a place to build it.
According to the project website, they are currently studying: Nevada, Arizona, Utah, Idaho, Texas and the “Appalachian region.”
According to the project website, the city will be built in several phases, and the initial phase is expected to cost more than $ 25 billion and consist of 50,000 people on 1,500 acres.
Bloomberg reported that the first phase should be completed by 2030.