Published: Tue, November 14, 2017
Worldwide | By Isabel Fisher

Bill Gates is Buying Land in Arizona to Build a "Smart City"

Bill Gates is Buying Land in Arizona to Build a

The city will be built on the almost 25,000 acres of land in southwestern Arizona that has purchased for the construction.

Microsoft co-founder and billionaire philanthropist Bill Gates put down $80 million for a massive swath of land in Arizona, about 45 minutes west of downtown Phoenix, KPNX reports.

Arizona-based real estate investment group Belmont Partners says the community will incorporate high-speed digital networks, data centers, self-driving cars, and other new technologies into its infrastructure.

Belmont Partners expressed that the land transformation would be like an unused-empty slate turned into a purposeful city standing on flexible structural design.

Plus, Gate benefits from nice, cheap land-for a cool $80 million, he's purchased an entire city that will no doubt raise significantly in value once the area becomes desirable for trade.

"Belmont will create a forward-thinking community with a communication and infrastructure spine that embraces cutting-edge technology", firm representatives said in a news release, which will include "autonomous logistic hubs" and "new manufacturing technologies". Originally built as an interconnected smart city meant to lure worldwide investment, the majority of residents are now South Koreans who have been priced out of Seoul.

"Bill Gates is known for innovation and those kind of things and I think he picked the right place". Alphabet's autonomous auto company, Waymo announced plans to test a fleet of its driverless vehicles in Phoenix last week.

Gates is no stranger to being one step ahead of the game, and this "smart city" could be both a breeding and testing ground for futuristic technologies. A proposed freeway, to be called Interstate 11, would connect Belmont to Las Vegas, Reno and Mexico, making it a good location for a brand new community.

Gates, former CEO of Microsoft, has spent most of his life bringing affordable technology to the masses in hopes of bettering the world.

Few details have as yet been revealed about when construction on Belmont will begin - or who is likely to live in the city.

"Belmont is an incredible opportunity for the state of Arizona", Grady Gammage, Jr., an attorney representing Belmont Partners, said in a statement.

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