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Bill Gates speaks during the Bill and Melinda Gates foundation's Goalkeepers 2017 at Jazz at Lincoln Center in New York (Credit Image: PBG/EMPICS Entertainment)

Microsoft’s Bill Gates invests $80m in building a smart city

A firm controlled by Bill Gates has invested $80 million in the building of a new ‘smart city’ outside Phoenix in Arizona. The high-tech development will be designed around autonomous vehicles, high-speed digital networks, autonomous logistics hubs and robotocized manufacturing.

It will be set on 24,800 acres west of Phoenix, and will have a freeway running to Reno, Nevada. The city will be called Belmont, and according to Arizona Republic it will have “as many as 80,000 homes, 3,800 acres of industrial, office and retail space, 3,400 acres of open space and 470 acres for public schools.”

In a press release, Belmont Partners manager Larry Yount outlined the plans for the new techno-city:

The Belmont development exemplifies the big picture thinking that has been a unique hallmark of Arizona’s history of economic development. Belmont illustrates that Arizona remains at the leading edge of trends in American urban planning and development keying off of advances in solar power and electric distribution systems, autonomous auto testing, broadband, and data centers.