Bill Gates founder Of Microsoft has started laying out his plans for creating a “smart city” in Phoenix, Arizona. The investment was made through a group controlled by Gates’ investment firm Cascade Investment, which bought a stake in a 24,800-acre development in Belmont. The plan is for 80,000 homes to be built, with 3,800 acres reserved for industrial, office, and retail space, 3,400 acres of open space, and 470 acres dedicated for public schools. Belmont, the proposed name