Entities related to Elon Musk and his firms are buying 1000’s of acres of land in Texas to begin a city the place the billionaire’s workers will reside and work, a report from the Wall Road Journal mentioned. The properties have been bought a minimum of 3,500 acres close to Austin, the report mentioned as Elon Musk is within the strategy of working in direction of a city known as Snailbrook.
Citing county deeds and different land information in addition to inner firm communications, the report mentioned that Elon Musk needs workers at his firms Boring Co., Tesla and SpaceX “to have the ability to reside in new properties with below-market rents.” All the businesses have main manufacturing services close to Austin.
The plan contains constructing greater than 100 properties, in addition to neighborhood options equivalent to a pool and outside sports activities space, the report mentioned.
Earlier, in 2020 Elon Musk introduced that he would transfer Tesla’s headquarters and his private residence from California to Texas. In 2022, Tesla opened a brand new Gigafactory manufacturing facility in Austin whereas SpaceX and Boring Co. even have services in Texas.
The report additionally mentioned that Elon Musk’s workforce has mentioned incorporating the city in Bastrop County however the county mentioned that it had not obtained an utility for incorporation.