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

 

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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.

DiMaggio’s restaurant to open in former bank HQ

A historic location in Edinburgh’s St Andrew Square will be the home of a new branch of Scottish-based Italian restaurant DiMaggio’s as part of a wider refurbishment scheme.

The former HQ of the Royal Bank of Scotland, known as The Registers, will be transformed into a restaurant that will cater to 200 people as well having two bars. The development is estimated to cost around £2 million.

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RBS left the location in 2005 when it moved to Gogarburn, but has kept a presence at the Dundas Street branch just three doors down.

The location will also feature 50 apartments, shops and office spaces. Work is being done by the Chris Stewart Group, and is due to start in October 2017.

Managing director of The DiMaggio Group, Tony Conetta, said in a statement that “This is an incredibly exciting project for us, in both an iconic building and location.

“The Edinburgh Grand Banking Hall is rich in history, both for the capital and for Scotland as a whole. By carefully retaining and restoring the many original features we will bring this heritage to life.”

Chris Stewart added, “The ambition The Di Maggio Restaurant Group has for the space both in terms of design and quality is a perfect fit for The Registers, and we are delighted to welcome them as tenants.”

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The location was previously owned by former Hearts owner Vladimir Romanov, who planned on turning it into a hotel but could not get the funding. The site was then sold at auction after Romanov’s businesses collapsed.

 

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