Marc Lore, former CEO of Walmart’s U.S. e-commerce, co-founder of Quidsi and Jet.com and co-owner of the Minnesota Timberwolves and Minnesota Lynx, has a new passion. Lore wants to create a Utopian city somewhere in America. The city is called Telosa and Lore has aspirations of moving 50,000 people there by 2030.
Telosa’s website calls the project “Creating a more equitable and sustainable future.”
The plan is to build this city in the American West desert or Appalachia, and USA Today reports the vision for the city involves an amalgam of equality and capitalism.
Dubbed “Equitism,” Lore characterized this reformed version by asking, “What if you could pay the same taxes that you pay today but get the best social services of any country in the world?”
In the website’s video, Lore described the city as “Diverse as New York City combined with efficiency, safety and cleanliness of Tokyo combined with the social services, the sustainability and the governance model of Stockholm.”
Telosa allows the city’s citizens to build and sell their own homes and the city keeps ownership of the land.
While wandering the streets of Telosa, one would spot autonomous vehicles, a high-speed rail system and the beacon of the city, a futuristic skyscraper named Equitism Tower.
The website says fresh water will be stored, cleaned and reused on-site, renewable resources will power the city and the environment will always be a priority.
When it’s all said and done, Telosa’s total cost is predicted to be over $400 billion. If all goes according to plan, the land’s worth could eclipse $1 trillion.
Anyone who desires to be among the first 50,000 settlers of Telosa will need to be selected through an application. The selection process has yet to be decided.