Bill Gates’ firm to invest $80m towards new Smart City



Bill Gates. Source: Google

Bill Gates’ investment company, Cascade Investment, is to put $80 million behind a new ‘Smart City’, within Arizona, USA.


The city, named Belmont, will be located just west of the capital, Phoenix, and will be made up of 25,000 acres of land – with 3,800 acres of the city being used for commercial and office space. Another 470 acres will go to public schooling.


Belmont Partners’ press release reveals the city’s land and population will equal that of Tempe – famous for the home of the best innovative college in the Americas: Arizona State University.


The press release also stated:

“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 centres, new manufacturing technologies and distribution models, autonomous vehicles and autonomous logistics hubs,”.


Belmont will be situated along the I-11– a soon-to-be-built highway, which runs between Las Vegas and Mexico. According to AZ central, the plot of land has been considered for development since the early 90’s.


As a smart city, Belmont’s communication infrastructure will be ultra-high-speed; while cars and date centres will run autonomously within the town. It is hoped that the city will be an appealing base for new and equally high-tech companies.

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