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 for the city, will embrace and push forward innovation and technology.
It will have 80,000 residential units, says Belmont Partners, which will give it a population of around 182,000. The community in Belmont will be designed around high-speed networks, autonomous vehicles, high-speed digital networks, data centers, new manufacturing technologies and autonomous logistics hubs.
“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, an Arizona-based real-estate group in a press release.