Bill Gates has bought a majority interest in 25,000 acres of land in Belmont, Arizona near Phoenix to develop a smart city.
According to Belmont Partners, 3,800 acres will go toward office, commercial and retail space. Then, 470 acres will be used for public schools, with room for 80,000 residential units, per NextBigFuture.com.
“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.
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