A real estate investment firm owned by Bill Gates recently bought a giant plot of land in Arizona for $80 million to be developed into a “smart city.”
Arizona-based Belmont Partners, one of Gates’ investment firms, purchased close to 25,000 acres of land in Tonopah, around 50 miles west of Phoenix, to create a “smart city” called Belmont, KPNX reported.
“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 press release, according to KPNX.
The community “will transform a raw, blank slate into a purpose-built edge city built around a flexible infrastructure model,” according to Belmont Properties.
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