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Billionaire ex-Walmart exec says the first 'settlers' of his planned $400 billion city 'Telosa' will likely be selected through applications - and they could move in by 2030
Telosa, a futuristic city created by Marc Lore, plans to offer its citizens equal access to education, healthcare, and transportation.
news.yahoo.com
- Former Walmart exec Marc Lore wants to build a futuristic utopia called Telosa.
- Telosa will be built on the concept of "equitism," a mash-up of equality and capitalism.
- There will be an application for the first 50,000 Telosa "settlers," who could move in by 2030.
Lore, who stepped down as CEO of Walmart's US e-commerce division earlier this year, announced last month that he plans to build a futuristic city known as Telosa. Telosa - which gets its name from an Ancient Greek word meaning "highest purpose" - plans to offer its citizens equal access to education, healthcare, and transportation. Residents will get around in autonomous vehicles and the city will run on renewable energy, Telosa's website promises.
While citizens of Telosa will be able to build their own homes and sell them, the city will maintain ownership of the land itself, Lore told USA Today's Scott Gleeson on Sunday. He calls his vision for the city "equitism" - a mash-up of equality and capitalism.