His company already invested $80 million in the futuristic city.
Billionaire Bill Gates is planning to create a 24,800-acre smart city in Arizona.
Gates’ investment group, Cascade Investment, is putting $80 million towards the new community, according to the Arizona Republic. The new community will include 3,800 acres of office, commercial, and real estate facilities, in addition to 470 acres of public schools and about 80,000 homes.
Arizona-based real estate investment firm, Belmont Partners, will be creating the new city just 45 minutes outside of Phoenix, in the West Valley. Named Belmont, the new space will be located along the path of where the proposed I-11 freeway would be, running right through Belmont and easily connecting those in the city to Las Vegas.
Though the firm hasn't announced when construction is set to begin, the project will include transforming the undeveloped space into a smart city that will include everything from driverless cars and data centers to digital networks.
Take a look at what you can expect below:
“Belmont will create a forward-thinking community with a communication and infrastructure spine that embraces cutting-edge technology,” firm representatives said in a news release, which will include “autonomous logistic hubs” and “new manufacturing technologies.”
This is not the first time Arizona has been the location for attempts to create cities of the future. The state is also home to Acrosanti, a compact city concept that architect Paolo Soleri introduced back in the 1970s, and which remains opens to visitors today.