Building a 'Smart City' in Arizona
In 2017, it was revealed that one of Gates's firms had invested $80 million into the development of a "smart city" near Phoenix, Arizona. The proposed city, named 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," according to the Belmont Partners real estate investment group.
Of the nearly 25,000 acres of land designated for the site; it was reported that 3,800 acres will go toward office, commercial and retail space. Another 470 acres will be used for public schools, leaving room for 80,000 residential units.
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