Building a Boston in Cape Town: $13B dream rises from ashes of apartheid

A mixed use high density development stands as part of the Wescape real estate project in Cape Town, South Africa, in this undated handout illustration.

David Pearson has a vision: a new community of 800,000 — bigger than Boston — complete with factories, schools, clinics and a university that will help erase the legacy of apartheid in Cape Town.

If the idea materializes, his 140 billion-rand ($13 billion) Wescape project in South Africa’s second-biggest city could serve as a model for development across the continent.

Read more: Building a Boston in Cape Town: $13 Billion Dream Rises From Ashes of Apartheid – Bloomberg.