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Not to poo poo your fantasy or whatever, but this sounds like every tech bro's "build an island country" when they get their first billion.
Most cities weren't built where they were purely by chance or coincidence. Infrastructure is hard and complicated to build, and relies on natural resources being somewhat available locally in most cases.
Even if you manage to build it, there's no guarantee they will come.
In the very last sentence. And especially in the context in which we were discussing. It's literally the opposite of that. Likely buying up rural land that had already been a town at one time but ceased to be because of industrialization. And revitalizing and rebuilding it in a more socialist / communist model along with other interested people. But still integrating into the larger society and environment around it. Building A Better Community from within. Not some outside Island to play King on.
All these people fantasizing about 15 minute towns and cities here in the United states. Let's fucking go let's do it. Solar panels, windmills, tight high-density communities. The power that be don't want it. We gotta do it ourselves.
So you rebuilding the railroad? A lot of small towns only existed because of the railroad. Now some of them only exist because of the interstate.
A lot of towns are rotting because there's no real reason for them to exist anymore, and for some of them there wasn't a real reason besides a truck stop for them to have existed in the first place.
If it's needed sure. But again there's other avenues other ways. However you're focusing on rebuilding them how they used to be. Not rebuilding them better or anew.
These days we'd probably be better off building somewhere close to Interstate access. And then worrying more about data access. Than something like building our own private Railroad. Or railroad access in general.