Former Walmart exec scouting U.S. locations for construction of new $400-billion city
By Andy Brown and Jenny LescohierSeptember 13, 2021
Recently retired Walmart executive Marc Lore has unveiled plans for a $400-billion new city to be constructed in a yet-to-be-determined location in the American desert.
Known as Telosa, the Utopian city is meant to be a fully sustainable metropolis built from scratch. Possible locations were noted to include Nevada, Utah, Idaho, Arizona and Texas.
The first phase of construction, which would accommodate 50,000 residents across 1,500 acres by 2030, would cost around $25 billion.
According to the project’s official website, the goal is for a population of up to 5 million people to share space on land covering 150,000 acres within 40 years.
Lore was reported to have said he wants to build a city that will be very clean and green, built around the dream of social equality. Renderings show nature-friendly architecture covered in foliage, and people playing in large parks that criss-cross the city.
Lore has hired Copenhagen- and New York-based architecture firm Bjarke Ingels Group (BIG) to design the plan which is centered on high-minded concepts such as sustainability, inclusivity and equity. There are currently no firm details available on how the new city would be funded, with project organizers merely saying that financing would come from “various sources.”
Plans for Telosa are extremely ambitious, but this is not the first time such an idea has come up. Egypt, for example, is in the process of building a new administrative capital and Toyota has plans for a new city in the foothills of Mount Fuji called Woven City.