Billionaire Marc Lore, former Walmart executive, has outlined a few days ago his vision for a 5-million-person “new city in America”, Telosa, to be created from scratch in the American desert. It’s about $400 billion needed in funding to have a city which on 150,000-acre promises eco-friendly architecture, sustainable energy production and a purportedly drought-resistant water system. Possible location targets include Nevada, Utah, Idaho, Arizona, Texas and the Appalachian region, according to the project’s official website. For the instant it seems an utopian dream to life. Buildings covered with greenery, autonomous vehicles pictured traveling down sun-lit streets alongside scooters and pedestrians, a proposed skyscraper, dubbed Equitism Tower are presented in the promotional video. Telosa is planned to be a 15-minute city, with workplaces, schools, and basic goods and services being within a 15-minute commute from residents’ homes.
Funding will come from “various sources,” project organizers said, including private investors, philanthropists, federal and state grants, and economic development subsidies. The first residents are supposed to be welcomed by 2030 and the entire development is projected for 40 years. The project also promises transparent governance and what it calls a “new model for society.” Lore described his proposal as the “most open, most fair and most inclusive city in the world.” Danish architect Bjarke Ingels was hired to coordinate this project.