Bill Gates Firm Purchases Land in Arizona to Create a "Smart City"
Nov 14 2017 by Johnny Bowman
The firm purchased close to 25,000 acres of land in Tonopah in an area called the West Valley, around 50 miles west of Phoenix.
The investment firm Cascade Investment LLC, which is owned by the Microsoft boss, has just funded the 25,000-acre project in partnership with real-estate investment company, Belmont Partners.
Ronald Schott, the executive emeritus at the Arizona Technology Council, not only hailed Gates' initiative but also noted that he picked the right spot for the community as the proposed Interstate 11 freeway running from Mexico to Reno, Nevada will run through the futuristic city. The project is being described as "very long-term".
As per reports, the city would be similar to a normal city with 3,800 acres of land for industrial, office and retail space. Four hundred and seventy acres of land has been designated for the making of public schools. It will be a smart city that revolves entirely around cutting edge technology. By starting from a blank canvas, for example, town planners can potentially build road networks designed for both autonomous vehicles from the outset.
The proposed community, called "Belmont", will have high-speed communications infrastructure, autonomous cars and data centres. The iconic Arcosanti, only an hour north of Phoenix, was founded in the 1970's with the intent of merging the built environment with the natural world.
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While it has not been announced when construction will begin, or what the total cost will amount to, there is real excitement over the prospect of chiseling a new city of the future out of a remote plot of land.
"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".
Belmont Partners expressed that the land transformation would be like an unused-empty slate turned into a purposeful city standing on flexible structural design.
"This is a very long-term investment that has attracted a West Coast technology and real estate investor", real estate attorney Grady Gammage told AZ Central.