Bill Gates buys 25,000 acres in Arizona to build a smart city

2017-11-13T13:53:00-05:00

Belmont Partners, an investment firm run by Microsoft founder Bill Gates, has bought 25,000 acres in Arizona to create a planned community reports KPNX. The large plot of land was bought for $80 million and is 45 minutes from Phoenix, within Maricopa County, in an area called the West Valley.

Plans for the new city, which will be appropriately named Belmont, include 80,000 residential units, 3,800 acres for office, commercial and retail space and 470 acres for public schools. According to a press release put out by the firm, they plan to build "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."

Archinect - News

Bill Gates buys 25,000 acres in Arizona to build a smart city