Bill Gates just bought a huge chunk of land — he wants to build his own ‘smart city’

Monique O. Madan for Miami Herald:  The richest man in the United States wants to build his own city.

Microsoft co-founder and billionaire philanthropist Bill Gates put down $80 million for a massive swath of land in Arizona, about 45 minutes west of downtown Phoenix, KPNX reports.

His goal? Developing 25,000 acres of land into a ‘smart city’ that will be called “Belmont.” The name stems from Belmont Partners, an Arizona-based real estate investment group.

The vision? Transforming a raw, blank slate into a futuristic city filled with driverless cars, endless data centers and buildings totally designed around technology and high-speed internet.

According to Belmont Partners, the city will have space for about 80,000 residential units. In addition, about 3,800 acres will go toward commercial, retail and office space and roughly 470 acres will be used for schools.  Full Article:

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