Albeit he slipped from the list of the world’s richest men, the wealth of Bill Gates is still beyond the imagination of most of the people. And from his enormous wealth, the ex-CEO of Microsoft has invested $80 billion to buy a massive chunk of land in Arizona to create a smart city of the future.
Belmont – the city of the future
According to Arizona-based investment firm Belmont Partners, the 25,000 acres of land is about 45 minutes west of Phoenix, in an area called the West Valley. Aptly named Belmont, this futuristic city could accommodate around 80,000 residential units after giving up 470 acres for public schools and 3,800 acres for commercial 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,” Belmont Partners said in a news release.
According to Ronald Schott, executive emeritus at the Arizona Technology Council, known for innovation, Bill Gates has indeed picked a “good spot.” The proposed I-11 freeway that would pass through Belmont and connect to Las Vegas makes the land an ideal spot for the new community.
Well, it’s still not sure when the constructions of Bill Gates’ high-tech smart city would commence. So, if you’re willing to move to this new city, you may have to wait a bit longer.