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Billionaire looks to Texas as a possible location for proposed $400B sustainable city

8 Sep 2021


News

Texas is on the short list for a new $400 billion smart city proposed by a former Walmart executive. 

Billionaire Marc Lore released plans Sept. 1 for Telosa, a proposed sustainable city that would consist of 150,000 acres, roughly 234 square miles, with 5 million people over 40 years. His team has not raised the money yet to execute the project, which is envisioned to yield a city with a population density comparable to San Francisco.

Lore’s proposed smart city is also looking at other states such as Arizona, Utah, Idaho and Nevada and the Appalachian region, according to the company’s website. Lore is a co-founder of Diapers.com and was president and CEO of Walmart U.S. eCommerce until January 2021. He also purchased the Minnesota Timberwolves and Minnesota Lynx with his business partner Alex Rodriguez and started and sold four companies, including Jet.com, according to the Telosa website.

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Smart Cookies

With 28 universities and colleges in close proximity to Pflugerville, it's no surprise that nearly 40% of residents hold a Bachelor’s degree or higher.

Education
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Excellent Healthcare

With 3 healthcare facilities in town and 7 hospitals within less than 20 miles, Pflugerville's healthcare rivals that of any major metropolitan area.

Excellent Healthcare
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High Income

Pflugerville has a median household income well above

$80,000

That's nearly double the national average.

Household Income
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A good time to buy

Home Appreciation in Pflugerville, TX is up 9.4% in the last 12 months.

Sperling's Best Places

Housing
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Extra Sunshine

Pflugerville has 26 more sunny days per year than the national average. That's almost a month of extra pool parties and BBQ's!

Climate
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The Fun Life

A close proximity to Austin and Round Rock provides a wealth of entertainment and recreation opportunities

The Fun Life