Belmont will be located roughly 45 miles west of Phoenix near a highway that runs straight to Las Vegas. Shutterstock
A group controlled by Cascade Investment LLC - an investment firm run by Gates - has invested approximately $80m (£61m) to buy almost 25,000 acres of undeveloped land in Arizona for building a planned community of the future, which will be called "Belmont".
10 thousand hectares of land in the USA state of Arizona bought the company, Belmont Partners, owned by billionaire, founder of Microsoft, bill gates.
Microsoft founder Bill Gates is planning to build a smart city in Arizona, according to a report in Popular Mechanics.
The new city will be called Belmont, and sit across 39 square miles on a plot of land located 45 minutes west of downtown Phoenix, in an area called West Valley.
Certainly, it's the kind of dream town that fans of modern technology dream about at night, and there's no doubt that Gates gains some glee from the idea of making his very own sci-fi community, which he plans to name Belmont.
It has purchased 24,800 acres of land, which will be used for schools, housing, offices and commercial and retail space.
There will be space for 80,000 residential units for a projected population of 182,000. And the infrastructure in Belmont will be built from the ground up to accommodate them.
Belmont Partners also says the new "forward-thinking" city will have "autonomous logistics hubs" and residents will be connected with "high-speed digital networks".
The investment will help create Belmont, "a forward-thinking community with a communication and infrastructure spine that embraces cutting-edge technology", according to a press release issued November 3. The United Nations predicts 2.5 billion people will move into cities by 2050. Of the 100 cities originally meant to be included in the project, work has only started in 20. The estate, communications and other infrastructure in the city will be performed with the latest technology. It is not surprising that Gates has put his stamp of approval on the idea.
Business tycoon and ex-Microsoft CEO billionaire Bill Gates is all set to bring his new vision into the reality of making a new smart city for tomorrow. He and his wife Melinda founded the Gates Foundation, which has a mission of reducing poverty around the world and improving education in the US.
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