Woke City, USA

[Sparko]

Billionaire entrepreneur Marc Lore wants to build nation’s first woke city

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.

"If you went into the desert where the land was worth nothing, or very little, and you created a foundation that owned the land, and people moved there and tax dollars built infrastructure and we built one of the greatest cities in the world, the foundation could be worth a trillion dollars," Lore told Bloomberg Businessweek.

"And if the foundation’s mission was to take the appreciation of the land and give it back to the citizens in the form of medicine, education, affordable housing, social services: Wow, that’s it!"

The city is meant to take on what Lore views as the United States’ biggest challenge — the rapidly growing wealth gap, which he said "is going to bring down America."

"While the current economic system is a growth engine, it has led to increasing inequality," the project’s website explains. "Equitism is inclusive growth."

The initial phase of the project, targeted for completion by 2030, would be built to accommodate 50,000 residents across roughly 1,500 acres at a cost of $25 billion, Businessweek reported.

Over 40 years, the city will eventually require $400 billion in funding and grow to house as many as 5 million people across 150,000 acres, the site says.

The project’s planners have yet to commit to a location, but the website identifies Nevada, Utah, Idaho, Arizona, Texas and the Appalachian region as possible sites.

more at:
https://www.foxbusiness.com/lifestyl...irst-woke-city

Telosa web site:
https://cityoftelosa.com/#home

[Cow Poke]

Yeah, he's been snooping around Texas, but we're not too thrilled about this.

[rogue06]

popcorn2.gif

[Thoughtful Monk]

Has he bothered to look at the history of other utopias started in the US?

[Thoughtful Monk]

I also note he isn't picking Blue states for this exercise.

[CivilDiscourse]

Reminds me of this.

[Gondwanaland]

Billionaire entrepreneur Marc Lore wants to build nation’s first woke city

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.

"If you went into the desert where the land was worth nothing, or very little, and you created a foundation that owned the land, and people moved there and tax dollars built infrastructure and we built one of the greatest cities in the world, the foundation could be worth a trillion dollars," Lore told Bloomberg Businessweek.

"And if the foundation’s mission was to take the appreciation of the land and give it back to the citizens in the form of medicine, education, affordable housing, social services: Wow, that’s it!"

The city is meant to take on what Lore views as the United States’ biggest challenge — the rapidly growing wealth gap, which he said "is going to bring down America."

"While the current economic system is a growth engine, it has led to increasing inequality," the project’s website explains. "Equitism is inclusive growth."

The initial phase of the project, targeted for completion by 2030, would be built to accommodate 50,000 residents across roughly 1,500 acres at a cost of $25 billion, Businessweek reported.

Over 40 years, the city will eventually require $400 billion in funding and grow to house as many as 5 million people across 150,000 acres, the site says.

The project’s planners have yet to commit to a location, but the website identifies Nevada, Utah, Idaho, Arizona, Texas and the Appalachian region as possible sites.

more at:
https://www.foxbusiness.com/lifestyl...irst-woke-city

Telosa web site:
https://cityoftelosa.com/#home

Ah, brilliant, yet another unsustainable desert city that gobbles up all the water that we don't have.

[Sparko]

I predict this will fail spectacularly.

[Cow Poke]

I also note he isn't picking Blue states for this exercise.

He's mainly focusing on Desert areas, though Appalachia is mentioned also.

"If you went into the desert where the land was worth nothing, or very little, and you created a foundation that owned the land, and people moved there and tax dollars built infrastructure and we built one of the greatest cities in the world, the foundation could be worth a trillion dollars," Lore told Bloomberg Businessweek.

By the way, Israel has already transformed a desert into a garden.

[Sparko]

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.

"If you went into the desert where the land was worth nothing, or very little, and you created a foundation that owned the land, and people moved there and tax dollars built infrastructure and we built one of the greatest cities in the world, the foundation could be worth a trillion dollars," Lore told Bloomberg Businessweek.

The bolded parts above make me think this is all some sort of real estate scam. So they want land donated to them, then after people "enrich" the value of the land, THEN they can buy it from the "community endowment" that got the land for nothing. Then when it fails, the "endowment" can run off with the money and leave people stuck owning a worthless plot in the desert.

[Thoughtful Monk]

Ah, brilliant, yet another unsustainable desert city that gobbles up all the water that we don't have.

Here's an example from California. https://www.atlasobscura.com/places/...unbuilt-suburb It was started in the 1950's. It actually is growing in population.

[Thoughtful Monk]

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.

"If you went into the desert where the land was worth nothing, or very little, and you created a foundation that owned the land, and people moved there and tax dollars built infrastructure and we built one of the greatest cities in the world, the foundation could be worth a trillion dollars," Lore told Bloomberg Businessweek.

The bolded parts above make me think this is all some sort of real estate scam. So they want land donated to them, then after people "enrich" the value of the land, THEN they can buy it from the "community endowment" that got the land for nothing. Then when it fails, the "endowment" can run off with the money and leave people stuck owning a worthless plot in the desert.

When you phrase it that way, I see you're point. For some reason, Florida is coming to mind as a similar example from years ago.

[Mountain Man]

The city is meant to take on what Lore views as the United States’ biggest challenge — the rapidly growing wealth gap...

The "wealth gap" could be more accurately described as the "people who know how to manage their finances versus people who don't gap". Far too many people are so far in debt that even if you doubled their income today, they would still be struggling week to week just to make ends meet. There's no point giving them more money when they can't manage what they already have. I think most people would be surprised at just how little you really need to live on when you don't have debt. Any social engineering project that doesn't take that into account is destined to fail.

[CivilDiscourse]

Lots of issues.

1. The American SW should be a non-starter for this project. It's already painfully obvious the region has a water supply problem, and it's only going to get worse. It makes no sense to plop your city down where you KNOW your going to have a major, largely unsolvable issue coming in the future.

2. How do you maintain your utopia? After all, the first people to move in would likely be middle/upper middle class and lower rich. Eventually though, you'll either need or attract poorer people to do the unskilled labor jobs. NIMBY will be fairly heavy. After all, NIMBY is a problem even in liberal areas when it comes to mingling with the underclass.

3. How do you deal with your idealogical undesirables. What happens if/when too many "racists" move in? What if the wrong mix of people show up?

4. How do you ensure that the right sort of people actually get to be in your city?

[seer]

Billionaire entrepreneur Marc Lore wants to build nation’s first woke city

Are they going to have a police force?