Billionaire Bill Gates planning to build 'smart city' in Arizona?

Billionaire Bill Gates planning to build 'smart city' in Arizona?

Bill Gates has invested $80 million into a planned smart city based outside Phoenix, Arizona, according to local news publication AZ Central.

Gates sees the city, tentatively named "Belmont", as a chance to build information networking into the bedrock of any future development there. The undeveloped land is about 45 minutes outside of Phoenix.

Belmont Partners, the real estate developer behind the project, said the goal is to turn the area into a "smart city".

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.

"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", said Belmont Partners, the real estate firm involved in the purchase, in a press statement.

It will be built to accommodate self-driving cars.

Only a week later after the Toronto announcement, Saudi Arabia announced plans to invest $500 billion in a new global hub, created to push the boundaries of innovation and exemplify the future of civilization.

Arizona Technology Council's Executive Emeritus Ronald Schott said that Bill Gates is known for innovation and he has picked a "good spot".

In the proposed plan, 3,800 acres will be zoned for commercial and office space, and another 470 acres will assigned to public schooling, with projected housing for 80,000. But it's hardly the first-India, with its quickly growing population and rapid adoption of new technologies like artificial intelligence, has already been working to build "smart cities" with similar aims.

The cofounder of the Microsoft Corporation plans to name the master-planned city Belmont, and "will transform a raw, blank slate into a purpose-built edge city built around a flexible infrastructure model", say Belmont Partners in their announcement. He's coming to Arizona, ' he told KPNX. While the highway is tentatively set to complete construction in 2018, no timetables for Belmont have been publicly announced yet.

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