Francis Ford Coppola.Photo: Rob Latour/Shutterstock

Francis Ford Coppola

Francis Ford Coppolais putting his money where his mouth is.

The Godfatherdirector and co-writer, 82, is setting his sights on a new film calledMegalopolis, which he toldGQin a recently published profile would cost in the ballpark of $120 million to make — an amount he plans to put forth himself.

“I know thatMegalopolis, the more personal I make it, and the more like a dream in me that I do it, the harder it will be to finance,” he explained.

Coppola added, “And the longer it will earn money because people will be spending the next 50 years trying to think: What’s really inMegalopolis? What is he saying? My God, what does that mean when that happens?”

Never miss a story — sign up forPEOPLE’s free daily newsletterto stay up-to-date on the best of what PEOPLE has to offer, from juicy celebrity news to compelling human-interest stories.

Francis Ford Coppola.Roy Rochlin/Getty

Francis Ford Coppola

The project’s plot is difficult to summarize, according toGQ, but Coppola describes it as something that will explore the idea of “utopia.” He wants it to be a film that people see annually, akin toIt’s a Wonderful Life.

“On New Year’s, instead of talking about the fact that you’re going to give up carbohydrates, I’d like this one question to be discussed, which is: Is the society we live in the only one available to us? And discuss it,” he said.

“So imagine, if [this] was the case when I was 33 or whatever the age and I had won every award and had broken every record andstillabsolutely no one wanted to join me,” Coppola said.

Francis Ford Coppola.Vivien Killilea/Getty

Francis Ford Coppola

Coppola himself will be the subject of an upcoming movie titledFrancis and the Godfather, about the making ofThe Godfather.

Barry Levinsonwill direct the production, which will detail how Coppola and Evans gambled on the hit film that starredMarlon Brando,Al Pacino,James Caan,Robert Duvall,John CazaleandDiane Keaton.

Coppola gave the project his stamp of approval, tellingDeadlinein September 2020, “Any movie that Barry Levinson makes about anything, will be interesting and worthwhile!”

source: people.com