According to an Arizona-based investment firm Belmont Partners, one of Bill Gates’ investment firms has spent $80 million to buy a massive chunk of land spread across 25,000 acres. It’s situated 45 minutes west of downtown Pheonix off I-10 freeway near Tonopah.
The plan is to turn the land which is roughly the size of Tempe into a futuristic smart city called Belmont. It would be able to accommodate around 80,000 residential units after leaving 3,800 acres for commercial space and 470 acres for public schools.
Arizona Technology Council’s Executive Emeritus Ronald Schott said that Bill Gates is known for innovation and he has picked a “good spot.” The high-tech smart city would take advantage of the proposed I-11 freeway which will pass through Belmont and connect to Las Vegas.
Currently, there is no word on when the construction of the said Bill Gates’ city of future would commence. The ex-CEO of Microsoft recently slipped from the place of the world’s richest man, but still, his wealth is beyond the imagination of most of us.
What do you think about Bill Gates’ smart city? Drop your thoughts in the comments.