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 | Coming Soon: A Privately Run City To Create Development In The Developing World Posted by Sam Erica on 9/11, 10:17am | |
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A group of businessmen are building a city from scratch in Honduras to overcome the country’s corruption and poor infrastructure. Does it make sense to let money hungry investors take over the government’s job? Honduras is set to play SimCity for real, albeit without the economist who devised the rules of the game. Last Tuesday, the government signed an agreement with private investors led by Michael Strong--a libertarian entrepreneur and close associate of Whole Foods co-founder and CEO John Mackey--to construct a city-from-scratch in one of at least three special development regions (“las Regiones Especiales de Desarrollo” or “REDs”) scattered around the country. | ||
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