Utopia entertainment5/21/2023 Some sellers in these transactions were reportedly required to sign nondisclosure agreements, as were some local development officials, and many of the sources spoken to for the story say they get the sense that Musk reportedly wants this project to go as quickly and quietly as possible. The Journal wasn’t able to nail down the exact amount of land Musk owns in the area-it’s at least 3,500 acres, but other sources’ estimates go up to 6,000 acres. And as of last year, Boring Company employees were allegedly already able to apply for homes run by Musk, with “rents starting at about $800 a month for a two- or three-bedroom,” a competitive figure for the area. One company associated with Musk, Gapped Bass, has reportedly filed paperwork to build 110 more homes in the area for something it calls “Project Amazing,” for which it has partnered with home construction company Lennar. Tesla Said It Will Cut Costs of Next-Gen Cars in Half, but Then Its Shares Fell 5%Įlon Musk addresses the invited 15,000 guests at the new Tesla Gigafactory Texas near Austin. Inside 9 Stunning Midcentury-Modern Homes for Sale Across the U.S., From Palm Springs to HoustonĮlon Musk's Private Jet Flew Enough in 2022 to Circle the Globe a Dozen Times The tech CEO allegedly has his eye on a portion of Bastrop County 35 miles outside Austin and has described the venture as a “Texas utopia” where his workers could live in newer houses for cheaper rents-all under his control. The new Twitter owner has also been buying up land all around those properties over the past few years, and details have only just started to fully come out about the extent of his plans for the area.Īccording to a new report from The Wall Street Journal, Musk has reportedly been planning to develop a town for his employees to live in, which he plans to call Snailbrook (the name of the Boring Company mascot). Tesla’s global headquarters are in the Austin area, as are Boring Company offices, and SpaceX facilities and a Neuralink campus are underway. incorporate the town, which would reside in Bastrop County, allowing the CEO to set his own regulations, speeding along development.Tesla founder Elon Musk is no stranger to doing business in Texas. Part of the plan would see The Boring Co. Selena Gomez Slams Elon Musk’s ‘Dangerous’ Twitter Takeover, Reveals How ‘Mean’ Trolls’ Comments Used To Affect Her: ‘I Would Constantly Be Crying’Īs yet, none of the plans have actually been built, but Musk is apparently looking for quick approval from local governments. Musk has chosen the name Snailbrook for the town, named after his mascot for his tunnelling company, The Boring Co.Īccording to the report, Musk consulted with both his ex Grimes and rapper Kanye West, even bringing West’s architectural designer aboard to dream up ideas for what the town would look like. The plan is to build a community for his employees to live and work, along the Colorado River. Rian Johnson Says ‘Glass Onion’ Was Not About Elon Musk: ‘Horrible Accident’ Elon Musk - Photo: Marlena Sloss/Bloomberg via Getty ImagesĪ new article from The Wall Street Journal reveals the Tesla founder’s plans to build what they’ve dubbed a “Texas Utopia” on 3,500 acres of land he purchased outside Austin.
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