Bill Gates plans smart city for Arizona

Bill Gates Smart City Belmont

Bill Gates Smart City Belmont

The planned community, known as Belmont, will be designed around cutting-edge technology, including self-driving cars and high-speed data networks.

A real estate investment firm owned by Bill Gates recently bought a giant plot of land in Arizona for $80 million to be developed into a "smart city".

A group controlled by Cascade Investment LLC - an investment firm run by Gates - has invested approximately $80m (£61m) to buy almost 25,000 acres of undeveloped land in Arizona for building a planned community of the future, which will be called "Belmont". Belmont, the proposed name for the city, will embrace and push forward innovation and technology.

While few people now live in the area, the plans call for as many as 80,000 homes and 3,800 acres of industrial, office and retail space.

Out of the 25,000 acres, some 3,800 acres would be used for offices and commercial spaces, 470 acres would be used for public schools, while the remaining area would be used to accommodate as many as 80,000 residential units, among other features.

Belmont Partners, an Arizona-based company which Gates owns via his investment group Cascade Investment LLC, bought the land. The high-tech smart city would take advantage of the proposed I-11 freeway which will pass through Belmont and connect to Las Vegas.

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Bill Gates every time creates innovations and he picked the right place according to Schott.

"Belmont will transform a raw, blank slate into a purpose-built edge city built around a flexible infrastructure model", Belmont Partners said in a statement.

As Ron Scott of the Arizona Technology Council says, this market is a very smart move.

They even added that the future smart city will enjoy tomorrow's technologies such as an autonomous vehicle infrastructure, autonomous logistic hubs, and more upon completion of the project.

Few details have been revealed about the new city, and it has not yet been announced when construction will begin.

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