A private city development model involves creating a self-sufficient community of approximately 50,000 people funded entirely by private capital without government subsidies or tax breaks, featuring its own regulatory and taxation structures, and transitioning to self-governance once fully developed.
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Building a Private City With Zero Government MoneyAdded:
The basic concept here is to create a community of about 50,000 people with its own with much autonomy. So, its own regulatory structure to a certain degree, its own taxation structure to create a using private funds. No government assistance or subsidy or tax breaks, anything like that. So, using private funds to build the island into the community. And then, once it's built up, it would be governed by by the city government. Bow Isle would be a 50,000 person city with its own with its own governance system.
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