Bill Gates, the world's wealthiest individual and co-founder of Microsoft is intending to construct a 'smart city' just outside of Phoenix, Arizona desert. The tech billionaire's investment group, Cascade Investment, paid about $80 million for a stake in a 24,800-acre of land development which is found only 45 minutes outside of Phoenix, called Belmont.
The desert land is altogether under development. However, designers Belmont Partners intend to construct 80,000 homes, 3,800 acres of industrial zone, workplaces, and retail space. Furthermore, 470 acres of land for public schools will likewise be allocated, leaving around 3,400 sections of land of open land.
As indicated by Belmont partners,
"We are planning 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."
The new 'smart city' will likewise include proposed freeway with 1-11 lanes, which will spread across the way to Mexico from Reno. The highway will interface two major states of the US i.e. Phoenix and Las Vegas.
Chris Jones, an Arizona based urban organizer believes that building the smart city and putting resources into this area isn't an astute idea. The district has been confronting geological issues like hurricanes, continuous water crisis and remoteness from Phoenix. While the Cascade investors are very sure about their venture as they see a brilliant future for this area.
Bill Gates and a few other tech billionaires are as of now putting resources into different inventive ventures all across the globe. alongside, investing Bill Gates likewise appreciates generous exercises like as of late he offered $10 million to those who can solve world's difficulties and challenges.