The Timberwolves aren't the only thing Marc Lore will be working to rebuild in the coming years. An announcement from Lore shows the designs for his new city that will look to recreate how humans live. So, if the chance arose, would you live there?
The Billionaire and new Minnesota Timberwolves owner's proposal would be home to 5 million people but require $400 billion in funding. While Lore still needs a spot to build the city, and the money, he has signed on a world-famous architect to design it.
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The city, being named "Telosa," would be a sustainable metropolis. Lore hopes that he could build it in the American desert. Possible locations include Nevada, Utah, Idaho, Arizona, Texas, and the Appalachian region, the project's website says.
The designs have the city listed at 150,000 acres with promises of being eco-friendly while also offering sustainable energy production and a purportedly drought-resistant water system. In addition, the "15-minute city design" would allow residents to make it to their workplaces, schools, and amenities within just 15 minutes.
Lore has hired the architecture firm Bjarke Ingels Group to spearhead the project, showing the utopian dream he hopes to create.
Current projections would have 50,000 residents living across 1,500 acres after the first construction phase, with an estimated price point of $25 billion. However, the entire project is expected to surpass the $400 billion mark, with projections saying the 5 million target population would be achieved within 40 years.
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The first round of residents are expected to be welcomed to the city by 2030. Funding for Lores projects is not concrete, as project organizers said private investors, philanthropists, federal and state grants, and economic development subsidies would all play a part, CNN reported.
The project is still in its early stages as the group works to find a location that will allow them to build the city.
