Challenges and Prospects of Building New Cities

Retrofitting urban infrastructure is slow, expensive, and risky while building new cities allows for more experimentation in societal operations. Projects like Telosa City are exploring communal land ownership with a communal trust model for funding public services. However, city building is challenging with staggering upfront costs, negative cash flow, and risks of running out of money and enthusiasm. Examples like Milton Keynes, Reston, Shandagra, and Brasilia have shown modest growth and consistent appeal, indicating some successful new city ventures.