Recent reports indicate groups associated with Elon Musk have bought thousands of acres of land about 35 miles outside of Austin. Plans show he is building his own town there for employees to live and work. The Wall Street Journal reports that Musk has described the city as a “sort of Texas utopia along the Colorado River.” By creating the town, Musk might be able to set some of the city’s regulations.

The proposed municipality is said to be adjacent to the Boring and SpaceX facilities that are currently under construction.

Musk reportedly wants to offer rental houses to workers that are well below the local market value, pricing homes at 1/3 of the surrounding market rate. There are also plans for a Montessori school in the municipality. Texas law requires an area to have at least 201 residents before it can incorporate. Musk has not formally adopted a name for the new town.