24,800 acres of land will soon become a “smart city” in Arizona. One of Bill Gates’ investment firms is investing millions into this project, hoping that its proximity to local hubs and ability to be completely molded will allow for innovation.
Bill Gates has started laying out his plans for creating a “smart city” in Phoenix, Arizona, about 45 minutes west of downtown. Located in the far west valley, the piece of land is comprised of approximately 24,800 acres. Belmont, the proposed name for the city, will embrace and push forward innovation and technology. One of Gates’ investment firms has already solidified the plans by devoting $80 million to the project.
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