Elon Musk has reportedly bought thousands of acres of land about 35 miles from Austin, Texas, and plans to build his own city for those who work in neighboring businesses. According to the newspaper Wall Street Journalits eccentric tycoon and owner Tesla and his Twitter, among other things, described the city as “a kind of Texas utopia along the Colorado River”. During its construction, Musk could establish some rules for its operation. Last year, at a meeting of all Boring employees, Boring President Steve Davis reportedly talked about holding an election to elect the city’s mayor. The proposed township is supposed to be adjacent to the Boring (urban transportation) and SpaceX (space transportation) facilities that are under construction, and already includes several modular homes and signs hanging from poles welcoming people to Snailbrook (that’s the name of the Boring mascot). ). and the future city). Musk is reportedly looking to rent out workhouses for much lower rents than the local market. In one ad, he reportedly listed a $800 rent for a two- or three-bedroom home, compared to $2,200 in nearby Bastrop, Texas. This municipality also has plans to open a Montessori school.

The mogul describes it as “a kind of Texas utopia along the Colorado River.”

Texas law requires a locality to have at least 201 residents before it can become a legal entity. The plans, cited by the Wall Street Journal, call for 110 more homes to be built in the area where Snailbrook is located. Over the past three years, companies associated with Elon Musk have purchased at least 14,000 acres in the Greater Austin area. The newspaper reports that Musk owns up to 24,000 acres in total in some reports. The billionaire first came to Texas two years ago, leaving California and calling the state “over-regulated, over-processed, over-taxed.” However, last month Tesla announced plans to expand its presence in California by moving its engineering headquarters there. However, if Musk builds his own city, he won’t be the only Texas billionaire with such assets. In 2021, the owner of the Dallas Mavericks basketball team bought an entire Texas city for an undisclosed amount. It was a Mustang and it has been on sale since 2017 with an asking price of $4 million which has dropped to $2 million and is still being traded. However, it covers 308 acres and pales in comparison to Elon Musk’s thousands.