Business
Tuskegee, Alabama City Council Passes Resolution for Joint Partnership with TPT Global Tech to Immediately Start Development of the Company's First Smart City Project in the United States
Tuskegee, Alabama City Council Passes Resolution for Joint Partnership with TPT Global Tech to Immediately Start Development of the Company's First Smart City Project in the United States.
About this update from Tpt Global Tech, Inc.
[{"type":"text","content":"By issuing Municipal Bonds, Bank Financing, New Market Tax Credits and Grants, Smart City first phase estimated cost $200M USD, the Joint Partnership will begin development of a SMART City manufacturing facility, in hopes to develop Housing, Domestic Industries, create jobs and boost the regional economy.SAN DIEGO, CA / ACCESSWIRE / March 10, 2022 / TPT Global Tech, Inc. ("TPTW" or the "Company") (OTCQB:TPTW) today announced that it intends to partner with the City of Tuskegee Alabama ("Joint Partnership") to locate and invest in the development, management and operation of a "Smart City". The discussions have included a multi-purpose Industrial Business Park, Smart Residential Living, a Film and Television Studio and much more. The City of Tuskegee is offering the Joint Partnership land, as needed and agreed upon, and proposes to support the financing of the project through Municipal Bonds, New Tax credits, Bank and Grant financing for the overall "Smart City" development. Completion of the project, estimated to be in three years, should add to the State's GDP while bringing jobs directly and indirectly to the region and creating a self-sustaining ecosystem.Using advanced manufacturing robotics, TPT will support the Joint Partnership to recycle shipping containers as the initial core of the construction project. Each unit is intended to be joined together in a cutting-edge Leadership in Energy and Environmental Design "LEED" based "Stack" construction.TPT intends to be involved in the Joint Partnership to develop the "Smart City" infrastructure consisting of new transportation capabilities, renewable energy generation and implementation, waste management technologies, telecommunications hardware, 5G wireless cell towers, medical facilities, fiber and broadband last-mile wireless technology and much more. The "Smart City" is intended to attract global companies from such diverse industries as aerospace and defense, telecommunications and satellites, semiconductor chip manufacturing, Biotechnology, IoT and Cyber Security, Electric Mobility."We are always seeking ways to enhance the economy of the city and this Joint Partnership with TPT will mean creating a self-sustaining "Smart City" with modern business parks, better roads,...