Billionaire Marc Lore outlined his vision for a “new city in America” with 5 million people and commissioned a world-famous architect to build a $ 400 billion metropolis somewhere in the American desert.
Lore’s mission statement for the city of Telosa is to “create a fairer and more sustainable future” that “can become a model for future generations”. This is supported by a 150,000-hectare design proposal with environmentally friendly architecture, sustainable energy production, and a drought-resistant water system.
The ambitious 150,000-hectare proposal promises environmentally friendly architecture, sustainable energy production, and a supposedly drought-resistant water system. A “city design in 15 minutes” allows residents to reach their workplace, their schools, and their facilities in less than a quarter of an hour from their place of residence.
The new project will allow residents to “participate in the decision-making and budgeting process” for the city, and the developers promise full transparency in governance. The city’s website states that the objective is to create a city of the future that is “open, fair, inclusive” and sustainable.
A photo released by the organizers shows a planned skyscraper, the Equitism Tower, which will have an elevated water tank, aeroponic farms and a photovoltaic roof generating electricity that will allow it to share and distribute “everything. that it produces “. The city parks will house the local flora and will also serve as water reservoirs, while the streets will “prioritize bicycles and pedestrians” and will also have automated cars.
While planners are still researching locations, possible destinations include Nevada, Utah, Idaho, Arizona, Texas, and the Appalachians, according to the project’s official website.
The first phase of construction, which would house 50,000 residents on 1,500 acres, is at an estimated cost of US $ 25 billion. The entire project is expected to exceed $ 400 billion, with the city reaching its target population of 5 million within 40 years.
Funding will come from “a variety of sources,” the project organizers said, including private investors, philanthropists, federal and state grants, and grants for economic development. The town planners hope to be able to get closer “very soon” to the agents of the State in order to be able to welcome the first inhabitants by 2030.
Telosa Name Story
Telosa is derived from the ancient Greek word used by Aristotle meaning “highest purpose. For the Greeks, the ultimate goal of a great city was for the individual and society as a whole to prosper together. They believed that no individual can reach their full potential unless they live in a strong and cohesive society. This has been achieved through individuals and the community working together to create new opportunities to thrive.
Also, Read, Understanding the Transit Oriented Development or TOD
Every great human achievement throughout history has been the result of an individual or group united by a clear purpose and committed to a clear purpose. Telosa is united by its founding goal of creating a fairer and more sustainable future.
The New Economic model- Equitism
An economic system in which citizens participate in the city’s territory – the better the city, the better the inhabitants.
The land is a finite resource, the value of which increases over time largely due to community growth and activity. The value of the land also increases due to the taxes residents pay to support the city for roads, bridges, tunnels, subways, and other infrastructure. As the community is the main driver of growth in land values, it seems fair that the community benefits from rising land prices.
Equitism is a new economic model based on the premise that citizens should have a share of the land and as the city improves, residents improve. It maintains the same system of capitalism but with an additional funding mechanism for improved services – across the country. Equitism will create a much higher level of social services for residents without placing an additional burden on taxpayers.
There are many successful examples of the foundation model and the concept of land income reinvested in the community to fund essential public services. Some of these examples, including Alaska, Utah, nearly twenty towns in Pennsylvania, and leading universities like Stanford, use limited land and other natural resources to provide essential aid for education and other key areas of community empowerment. As we plan to focus on a larger-scale social mission, your success gives us confidence in this strategy and approach.
Simply put, Equitism is inclusive growth.
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Source-
https://cityoftelosa.com/