{"id":14609,"date":"2021-12-06T16:27:36","date_gmt":"2021-12-06T16:27:36","guid":{"rendered":"https:\/\/test.nahtnow.com\/?p=14609"},"modified":"2021-12-06T16:27:36","modified_gmt":"2021-12-06T16:27:36","slug":"marc-lores-telosa","status":"publish","type":"post","link":"https:\/\/test.nahtnow.com\/en\/marc-lores-telosa\/","title":{"rendered":"Marc Lore&#8217;s &#8211; Telosa"},"content":{"rendered":"<p>Marc Lore&#8217;s,\u00a0 Billionaire ex-Walmart exec says the first &#8216;settlers&#8217; of his planned $400 billion city &#8216;Telosa&#8217; will likely be selected through applications \u2014 and they could move in by 2030.<\/p>\n<div><\/div>\n<div>\n<div><img class=\"CToWUd a6T\" tabindex=\"0\" src=\"https:\/\/ci6.googleusercontent.com\/proxy\/IU68OM2UhAGocOrmbVxBi7OyQue2Vgy0jQj37KSw45s6MRW1WIqSxmXMtZT3XT8T-Ksm9ucMEn_25SAPeMTTN7xdFhYdF3h9CJW7=s0-d-e1-ft#https:\/\/i.insider.com\/616d830238c19600183053bf?width=700\" alt=\"Renderings of futuristic towers appear in skyline of Telosa, a city created by Marc Lore\" \/><\/div>\n<\/div>\n<div>\n<div><\/div>\n<p>A rendering of Telosa, including the &#8220;Equitism Tower.&#8221; BIG and Bucharest Studio<\/p>\n<div>\n<div id=\"m_331300816542408696gmail-piano-inline-content-wrapper\">\n<div>\n<div>\n<ul>\n<li>Marc Lore, a former Walmart executive, wants to build a futuristic utopia called Telosa.<\/li>\n<li>Telosa is expected to be built on the concept of &#8220;equitism,&#8221; a mashup of equality and capitalism.<\/li>\n<li>There would be an application for the first 50,000 Telosa &#8220;settlers,&#8221; who could move in by 2030.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"m_331300816542408696gmail-formContainer\">\n<form id=\"m_331300816542408696emailCapture\" method=\"POST\" target=\"_blank\">\n<div id=\"m_331300816542408696gmail-nlTos\">If Marc Lore&#8217;s vision comes to fruition, 50,000 residents could be living in an egalitarian utopia by 2030.<\/div>\n<\/form>\n<\/div>\n<p>Lore, who <a href=\"https:\/\/www.businessinsider.com\/marc-lore-head-of-walmart-ecommerce-to-exit-2021-1\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.businessinsider.com\/marc-lore-head-of-walmart-ecommerce-to-exit-2021-1&amp;source=gmail&amp;ust=1638892833923000&amp;usg=AOvVaw20B9WSWp7Amgg2QSWiOZoG\">stepped down<\/a> as the CEO of Walmart&#8217;s US e-commerce division earlier this year, announced last month that he plans to build a futuristic city known as Telosa. Telosa \u2014 which <a href=\"https:\/\/www.bloomberg.com\/news\/features\/2021-09-01\/how-diapers-com-founder-marc-lore-plans-to-build-utopian-city-telosa?sref=BWbpWjRm\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.bloomberg.com\/news\/features\/2021-09-01\/how-diapers-com-founder-marc-lore-plans-to-build-utopian-city-telosa?sref%3DBWbpWjRm&amp;source=gmail&amp;ust=1638892833923000&amp;usg=AOvVaw1tKzajKYJy18jtMD2yXq_u\">gets its name<\/a> from an ancient Greek word meaning &#8220;highest purpose&#8221; \u2014 plans to offer its citizens equal access to education, healthcare, and transportation. Residents would get around in autonomous vehicles, and the city would run on renewable energy, <a href=\"https:\/\/cityoftelosa.com\/\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/cityoftelosa.com\/&amp;source=gmail&amp;ust=1638892833923000&amp;usg=AOvVaw3KfwBlIXLm6qn6lsH3b14t\">Telosa&#8217;s website<\/a> promised.<\/p>\n<p>While citizens of Telosa would be able to build their own homes and sell them, the city would maintain ownership of the land itself, Lore told <a href=\"https:\/\/www.usatoday.com\/story\/news\/nation\/2021\/10\/17\/how-billionaire-marc-lore-plans-create-utopian-desert-city-telosa\/5991523001\/\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.usatoday.com\/story\/news\/nation\/2021\/10\/17\/how-billionaire-marc-lore-plans-create-utopian-desert-city-telosa\/5991523001\/&amp;source=gmail&amp;ust=1638892833923000&amp;usg=AOvVaw0pKSOlrUU3LgccPJJZRrT_\">USA Today&#8217;s Scott Gleeson<\/a> on Sunday. He called his vision for the city &#8220;equitism&#8221; \u2014 a mashup of equality and capitalism.<\/p>\n<p>&#8220;The sole purpose of creating a city in the desert would be so it&#8217;s owned by the community, basically take all the appreciation of the land and give it back to the citizens,&#8221; Lore told USA Today. &#8220;Taxes paid will go back to the city for infrastructure \u2014 roads, tunnels and bridges \u2014 so everyone would know exactly where their money is going.&#8221;<\/p>\n<p>It&#8217;s an ambitious endeavor, and an expensive one: The city&#8217;s website estimated the first phase would cost $25 billion, with the total cost of the city surpassing $400 billion. It would be funded by investors and philanthropists, as well as government grants and subsidies, the Telosa website said.<\/p>\n<p>There&#8217;s no set location for Telosa just yet, but a few regions have been <a href=\"https:\/\/cityoftelosa.com\/faq\/\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/cityoftelosa.com\/faq\/&amp;source=gmail&amp;ust=1638892833923000&amp;usg=AOvVaw2sz4XwzvqjvejPgUgkdHQj\">mentioned as possibilities<\/a>: Nevada, Utah, Idaho, Arizona, Texas, and the Appalachian region, which includes 13 states in the eastern part of the US.<\/p>\n<div><img class=\"CToWUd a6T\" tabindex=\"0\" src=\"https:\/\/ci3.googleusercontent.com\/proxy\/yOIGfI0RxjjAtMkPGcf8HRNYsjCqBgQiZhjIP3PP2-Ahm0dO0WG_3N66CEc_KErLmiX2ZkXVGMFkNI2Md2oJNbFg53lL8Ly3Lj8umnPSfcpR-_NxW7-f3ea24oD0NJl_eA=s0-d-e1-ft#https:\/\/i.insider.com\/616d8ca038c19600183057ff?width=700&amp;format=jpeg&amp;auto=webp\" alt=\"Rendering of futuristic street in Telosa, a city created by Marc Lore\" \/><\/div>\n<div><\/div>\n<p>A rendering of the streets of Telosa. BIG and Bucharest Studio<\/p>\n<p>The first phase of Telosa \u2014 stocking the city with 50,000 residents by 2030 \u2014 would likely include an application process, Lore told USA Today.<\/p>\n<p>&#8220;Settlers&#8221; of the city would be chosen via a selection process focused on diversity and inclusion, he said, and he&#8217;s working to determine the criteria with the help of a team of staff and volunteers that includes architects, economists, engineers, and climate experts.<\/p>\n<p>Lore told USA Today that he also plans to build a venture-capital fund for startups willing to relocate to Telosa.<\/p>\n<p>In renderings of Telosa created by the prestigious Danish architectural firm Bjarke Ingels Group, the streets are filled with robots and autonomous vehicles; there&#8217;s a high-speed rail system; and a futuristic skyscraper \u2014 dubbed the &#8220;Equitism Tower,&#8221; USA Today reported \u2014 dominates the skyline.<\/p>\n<p>Telosa may be Lore&#8217;s most radical undertaking to date, but he has a <a href=\"https:\/\/www.businessinsider.com\/marc-lore-walmart-interview-2018-1\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.businessinsider.com\/marc-lore-walmart-interview-2018-1&amp;source=gmail&amp;ust=1638892833923000&amp;usg=AOvVaw3DSjRaj_tuuWaTi8xzX1pi\">long history<\/a> of entrepreneurial projects. In 2005, Lore cofounded Quidsi, the parent company of Diapers.com, which he sold to Amazon six years later for $500 million. After a short stint at Amazon, Lore founded Jet.com, an e-commerce competitor that he sold to Walmart in 2016 for $3 billion in cash, plus stock. He served as Walmart&#8217;s US e-commerce CEO for over four years, announcing in January that he was leaving to focus on building &#8220;a reformed version of capitalism,&#8221; he told <a href=\"https:\/\/www.vox.com\/recode\/2021\/1\/15\/22232033\/marc-lore-walmart-leaving-jet-city-future-capitalism\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.vox.com\/recode\/2021\/1\/15\/22232033\/marc-lore-walmart-leaving-jet-city-future-capitalism&amp;source=gmail&amp;ust=1638892833923000&amp;usg=AOvVaw1JZuHczMy1jAumPaWqYHao\">Recode<\/a> at the time.<\/p>\n<p>Like fellow tech billionaires Mark Cuban, Steve Ballmer, and the late Paul Allen, Lore has also gotten involved in the world of professional sports: In July, Lore and former Yankees star Alex Rodriguez <a href=\"https:\/\/theathletic.com\/2510899\/2021\/04\/10\/sources-alex-rodriguez-marc-lore-negotiating-to-succeed-glen-taylor-as-timberwolves-owners\/\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/theathletic.com\/2510899\/2021\/04\/10\/sources-alex-rodriguez-marc-lore-negotiating-to-succeed-glen-taylor-as-timberwolves-owners\/&amp;source=gmail&amp;ust=1638892833923000&amp;usg=AOvVaw3VS1g6ShxzHT0IWe92bwJ6\">teamed up to purchase<\/a> the NBA&#8217;s Minnesota Timberwolves and the WNBA&#8217;s Minnesota Lynx.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Marc Lore&#8217;s,\u00a0 Billionaire ex-Walmart exec says the first &#8216;settlers&#8217; of his planned $400 billion city &#8216;Telosa&#8217; will likely be selected through applications \u2014 and they could move in by 2030. A rendering of Telosa, including the &#8220;Equitism Tower.&#8221; BIG and Bucharest Studio Marc Lore, a former Walmart executive, wants to build a futuristic utopia called<a class=\"read-more-link\" href=\"https:\/\/test.nahtnow.com\/en\/marc-lores-telosa\/\"> Read More&#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":14613,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_links_to":"","_links_to_target":""},"categories":[3,133,40,5,1124,1],"tags":[12,1179],"_links":{"self":[{"href":"https:\/\/test.nahtnow.com\/en\/wp-json\/wp\/v2\/posts\/14609"}],"collection":[{"href":"https:\/\/test.nahtnow.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/test.nahtnow.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/test.nahtnow.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/test.nahtnow.com\/en\/wp-json\/wp\/v2\/comments?post=14609"}],"version-history":[{"count":3,"href":"https:\/\/test.nahtnow.com\/en\/wp-json\/wp\/v2\/posts\/14609\/revisions"}],"predecessor-version":[{"id":14612,"href":"https:\/\/test.nahtnow.com\/en\/wp-json\/wp\/v2\/posts\/14609\/revisions\/14612"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/test.nahtnow.com\/en\/wp-json\/wp\/v2\/media\/14613"}],"wp:attachment":[{"href":"https:\/\/test.nahtnow.com\/en\/wp-json\/wp\/v2\/media?parent=14609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/test.nahtnow.com\/en\/wp-json\/wp\/v2\/categories?post=14609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/test.nahtnow.com\/en\/wp-json\/wp\/v2\/tags?post=14609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}