Bill Gates, the founder of Microsoft and one of the richest men in the world, just gobbled up a huge swath of land in Arizona to build a “smart city.”
Through a real estate investment firm he owns, Gates spent $80 million on the land that is roughly the size of Tempe, Arizona.
Arizona-based Belmont Partners, bought 25,000 acres of land in Tonopah, which is located 50 miles west of Phoenix.
“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 said in a press release.
The community “will transform a raw, blank slate into a purpose-built edge city built around a flexible infrastructure model,” according to Belmont Properties.
It’ll reportedly include space for 80,000 residential units, in addition to 470 acres for public schools and 3,800 acres designated for offices, commercial buildings and retail outlets.
No specifics were given about when exactly Belmont will begin being built. Either way, Gates’ “smart city” would follow in the footsteps of a similar metropolis being built in Columbus, Ohio.
With $40 million in funding from the U.S. Department of Transportation and another $10 million from Vulcan Inc., a company founded by Microsoft billionaire Paul Allen, Columbus — “The Crossroads of Ohio” — is poised to become the blueprint for the future of urban planning.
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