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Bill Gates is Buying Land in Arizona to Build a "Smart City"
An investment firm run by Bill Gates has put down $80 million to develop a planned community in Arizona. The 25,000 acres of land is about 45 minutes west of Phoenix, in an area called the West Valley. The community, which Gates wants to turn into a "smart city," will be named Belmont.
"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, the Arizona real state investment company involved in the deal, said in a news release.
The proposed freeway I-11, which would connect the Belmont area to Las Vegas, makes the land an ideal spot for a new community, according to Ronald Schott, the executive emeritus at the Arizona Technology Council. Of the 25,000 acres, 3,800 will be used for office, retail, and commercial space. Another 470 acres will be used for public schools. That leaves enough space for 80,000 residential units.
Also at TheUSBPort, Fossbytes, CNET, and Real Estate Daily News.
(Score: -1, Offtopic) by Anonymous Coward on Wednesday November 15 2017, @05:47PM
screw you and your insurance! mandated insurance is just another example of things that made more sense in a less tech advanced era. if someone hits anyone now all you would have to do is take some video or pics and give it to the pigs, if they aren't too busy stealing for the insurance companies. every sack of crap working for insurance companies is a parasite and should be shot into the ocean with a cannon.