Bill Gates Is Spending $80 Million To Create A Smart City In The Arizona Desert

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What do you do when you’re the second richest person on the planet? Anything you want. Even make your own cities. That’s what Bill Gates is about to do. Gates, who has an estimated net worth of $90 billion, is collaborating with an investment firm to build a new smart city in Arizona.

Gates and the firm will spend $80 million to create a smart city of the future. The community will be built on 25,000 acres of currently uninhabited desert land that is 45 minutes west of Phoenix, The city will be named “Belmont,” named after real-estate developer Belmont Partners, the company behind the project. The new city will be founded along the projected path of the not-yet-built I-11 highway that will run from Las Vegas to Mexico. The future city will have 3,800 acres devoted to office, commercial, and retail space, while 470 acres will be set aside for public schools. There will be 80,000 residential units and feature high-speed communications infrastructure and autonomous cars. “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.