An investment firm owned by Bill Gates has spent $80 million to develop a planned brand-new community in Arizona. The firm purchased close to 25,000 acres of land in Tonopah in an area called the West Valley, around 50 miles west of Phoenix. The goal of the firm is to turn the land into a “smart city” called Belmont, according to a report.
Belmont partners said in a press release that Belmont will be known for a forward-thinking community with a communication and infrastructure backbone, it will hold cutting-edge technology, data centers, autonomous vehicles and autonomous logistics hubs, designed around high-speed digital networks, new manufacturing technologies and distribution models.
Belmont partners have also confirmed that 3,800 acres will be used by office, commercial and retail space. And, public schools will occupy 470 acres; in addition, there is a room for 80,000 residential units.
Ronald Schott, the executive emeritus at the Arizona Technology Council said that the land Gates’ firm projected is in a good spot, in part due to the proposed I-11 freeway, which would connect the Belmont area to Las Vegas,
Belmont Properties said, “Comparable in square miles and projected population to Tempe, Arizona, Belmont will transform a raw, blank slate into a purpose-built edge city built around a flexible infrastructure model.”
Bill Gates every time creates innovations and he picked the right place according to Schott. Gate’s smart city could follow the footfalls of the metropolis that is being developed in Columbus, Ohio. For now, it is unclear, when Belmont would be built.