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· Former Walmart exec unveils plans for futuristic $400B city, Telosa
· Billionaire entrepreneur Marc Lore wants to build nation’s first woke city
Former Walmart exec unveils plans for futuristic $400B city, Telosa
by: WTVO (TX)
Sep 7, 2021
(WTVO) — Billionaire former Walmart executive Marc Lore has unveiled plans to build a sustainable, eco-friendly American city, to the tune of $400 billion.
According to the project’s official website, the proposed city is scouting locations to build in Nevada, Utah, Idaho, Arizona, Texas or the Appalachian region.
The 150,000-acre city would include eco-friendly architecture and sustainable energy, with the addition of a drought-resistant water supply.
The project’s announcement was accompanied by digital renderings which show skyscrapers adorned with greenery, with autonomous vehicles traveling the streets (fossil-fuel powered vehicles would be banned.)
The city takes its name from the Greek word “telos” which means “higher purpose,” according to the website.
According to the plan...
Billionaire entrepreneur Marc Lore wants to build nation’s first woke city
By Will Feuer, New York Post
Sep 7, 2021
Former Walmart executive and e-commerce billionaire Marc Lore wants to build the world’s first woke city from scratch — somewhere in the US.
Lore last week unveiled plans for his utopia, called Telosa, from the ancient Greek word Telos, meaning “highest purpose.”
“The mission of Telosa is to create a more equitable, sustainable future. That’s our North Star,” Lore said in a promotional video. “We are going to be the most open, the most fair and the most inclusive city in the world.”
Key to the city’s plans is Lore’s economic vision, called “Equitism,” in which the land upon which the city is built will be donated to a community endowment.
Residents, in turn, own their homes on the land and are enriched as home values increase, according to the project’s site, and after a period of “hyper-growth,” residents can buy the land from the community endowment...
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