Bill Gates Invests $80 Million in Arizona to Build a Smart City

Bill Gates Is Creating His Own “Futuristic Smart City”

Bill Gates is building the City of the Future in Arizona

One of Bill Gates" firms have invested $80 million into nearly 25,000 acres of land, west of Phoenix in Arizona to build a "smart city'.

Self-driving cars, environmentally friendly energy sources, and glorious high-speed internet access for everyone.

10 thousand hectares of land in the US state of Arizona bought the company, Belmont Partners, owned by billionaire, founder of Microsoft, bill gates.

The firm bought 25,000 acres of land in Tonopah, about 50 miles west of Phoenix.

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A real estate investment firm owned by Gates recently bought a giant plot of land in the far west Valley for $80 million. Although the housing crash put a damper on the city's development, the regional real estate market has since recovered.

Titled as Belmont, the city project boasts a whopping budget of $80 million spread over the land of some 25,000 acres!

"Belmont will create a forward-thinking community with a communication and infrastructure spine that embraces cutting-edge technology, designed around high-speed digital networks, data centres, new manufacturing technologies and distribution models, autonomous vehicles and autonomous logistics hubs", Belmont Partners said in a news release. Although Gates has given the project a new boost of funding and publicity, the planned community of Belmont, Arizona has been in the works since the 1990s. While now without water or electricity, the city's growth would also be driven by the completion of I-11, an interstate highway connecting Phoenix to Las Vegas, Nevada.

The plan is to create 80,000 homes, 3,800 acres of industrial, office, and retail space, and 470 acres for public schools, and while it's not yet clear whether Microsoft itself will have a strong presence in the city, Gates clearly believes that his endeavor can attract enough wealthy companies to kickstart a brand new economy. "He's coming to Arizona", Schott said. But it's hardly the first-India, with its quickly growing population and rapid adoption of new technologies like artificial intelligence, has already been working to build "smart cities" with similar aims. While the highway is tentatively set to complete construction in 2018, no timetables for Belmont have been publicly announced yet.

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