Bill Gates is building a "smart city" in Arizona

A real estate investment firm owned by Bill Gates recently bought land in Arizona for $80 million to be developed into a “smart city.”

The city will be built on a 25,000-acre plot in a remote area in Tonopah, around 50 miles (80 km) west of Phoenix.

Now ex-Microsoft CEO Bill Gates is getting ready to make his own vision of future living real by buying up 25,000 acres of land in Arizona to create the City of the Future.

One of Bill Gates' investment groups has bought 25,000 acres of land in a remote area in Arizona.

Mr Gates' decision to build his new city in Arizona will be a major boost for the state which has lifted many rules on self-driving vehicles to become a tech hub.

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.

It'll reportedly include space for 80,000 residential units, in addition to 470 acres for public schools and 3,800 acres designated for offices, commercial buildings and retail outlets.

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Well, it's still not sure when the constructions of Bill Gates' high-tech smart city would commence.

"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 centres, new manufacturing technologies and distribution models, autonomous vehicles and autonomous logistics hubs", a statement from Belmont Partners said.

Larry Yount, Manager of Belmont Partners, added, "The Belmont development exemplifies the big picture-thinking that has been a unique hallmark of Arizona's history of economic development".

"This is a very long-term investment that has attracted a West Coast technology and real estate investor", real estate attorney Grady Gammage, speaking for the development firm, told the Arizona Republic.

Arizona Technology Council's Executive Emeritus Ronald Schott said the land Gates' company purchased is in a good spot, which is in part due to the proposed I-11 freeway, which would run right through Belmont and connect to Las Vegas.

The highway's first phase of construction is expected to be completed within the next year.

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