PHOENIX – One of Bill Gates’ investment firms has spent $80 million to kickstart the development of a brand-new community in the far West Valley. The large plot of land is about 45 minutes west of downtown Phoenix off I-10 near Tonopah. The proposed community, made up of close to 25,000 acres of land, is called Belmont. According to Belmont Partners, a real estate investment group based in Arizona, the goal is to turn the land into its own “smart city.”
The large plot of land is about 45 minutes west of downtown Phoenix off I-10 near Tonopah. The large plot of land is about 45 minutes west of downtown Phoenix off I-10 near Tonopah. The proposed community, made up of close to 25,000 acres of land, is called Belmont. Bill Gates buys big chunk of land in Arizona to build ‘smart city’ | 12NEWS.com
“Belmont will 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 Partners said in a news release.
