Microsoft founder Bill Gates recently purchased nearly 25,000 acres of land in Arizona to develop and establish his own “smart city.”
Through one of his investment firms, the tech tycoon has so far spent $80 million to jump-start the initial stages of production for a community around 45 minutes outside of Phoenix. The area, which will be called Belmont, will include 3,800 acres of industrial, retail, and office space, 80,000 residences, and 470 acres for public education institutions. Roughly 3,400 acres of land will remain open and unfilled.
“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 centers, new manufacturing technologies and distribution models, autonomous vehicles and autonomous logistics hubs,” Belmont Partners, the Arizona real state consulting company, said in a press release, according to Popular Mechanics. (RELATED: Gates, Buffett, And Bezos Are As Rich As The Bottom Half Of America)
“Comparable in square miles and projected population to Tempe, Arizona, Belmont will transform a raw, blank slate into a purpose-built edge city built around a flexible infrastructure model.”
The prospective city will essentially connect Phoenix and Las Vegas.
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