One of the world’s richest persons, Bill Gates has taken an unbelievable steo an investor could ever imagine buying 25,000 acres of land in Arizona desert with the intention of erecting a city on it.
Bill Gates’s plan is to build a “smart city” outside of Phoenix, Arizona. He had reportedly staked $80 for the land whihc is about 45 minutes outside of Phoenix, called Belmont.
The land in the desert area is presently totally undeveloped. In any case, developers Belmont Partners intend to assemble 80,000 homes, 3,800 acres of land of modern, office, and retail space, and 470 sections of land for state-funded schools, leaving around 3,400 acres of land of open land.
In a press release, Belmont Partners said they plan to “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 will be located along the proposed freeway I-11, which would run from Reno to Mexico and connect the town to both Phoenix and Las Vegas.