Find Real Estate Agents and Homes for Sale

Real Estate News --> Arizona News

Bill Gates purchases Arizona land to build future ‘smart city’

The area, which is a 45-minutes drive from west of Phoenix in an area called the West Valley off I-10 near Tonopah, costs $80 million, said Belmont Partners, a real estate investment group based in Arizona who closed the deal for the plot of land from one ...

Archived Story

Bill Gates, the co-founder of Microsoft, has chosen Arizona to build his future ‘smart city’ by purchasing a plot of 25,000 acres of land in the south western region of the United States. The area, which is a 45-minutes drive from west of Phoenix in an area called the West Valley off I-10 near Tonopah, costs $80 million, said Belmont Partners, a real estate investment group based in Arizona who closed the deal for the plot of land from one of Gates’ investment firms. The proposed community, planned to spread across 25,000 acres, will be called ‘Belmont’, and the goal is to convert the land into its own “smart city,” according to Belmont Partners. “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,” the group says in a news release. Of the 25,000 acres, 3,800 acres will be used for office, retail, and commercial space, while another 470 acres will be used for public schools, which would leave enough space for 80,000 residential units. (adsbygoogle = window.adsbygoogle || []).push({}); “Comparable in square miles and projected population to Tempe, Arizona, Belmont will transform a raw, blank slate into a purpose-built edge city built around a flexible infrastructure model,” Belmont Properties said. They even added that the future smart city will enjoy tomorrow’s technologies such as an autonomous vehicle infrastructure, autonomous logistic hubs, and more upon completion of the project. Arizona Technology Council’s Executive Emeritus Ronald Schott said the land Gates’ company purchased is in a good spot,which is in part due to the proposed I-11 freeway, which would run right through Belmont and connect to Las Vegas. “Bill Gates is known for innovation and those kind of things, and I think he picked the right place,” said Schott, which is in part due to the proposed I-11 freeway. “He’s coming to ArizonaFinally Arizona’s being recognized for being a place for innovation,” Schott added. As of now, there’s no word on when construction of the project will startThis is a developing story and we will keep you updated. Check out the video below: Source:KGW .example_responsive_1 { width: 320px; height: 100px; } @media(min-width: 500px) { .example_responsive_1 { width: 468px; height: 60px; } } @media(min-width: 800px) { .example_responsive_1 { width: 728px; height: 90px; } } (adsbygoogle = window.adsbygoogle || []).push({}); SHARE Facebook Twitter tweet !function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0];if(!d.getElementById(id)){js=d.createElement(s);;js.src="//";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); Previous articleFacebook Launches Community Boost Program To Teach Digital Job Skills Kavita Iyerhttp://www.techworm.netAn individual, optimist, homemaker, foodie, a die hard cricket fan and most importantly who believes in Being Human (adsbygoogle = window.adsbygoogle || []).push({}); LEAVE A REPLY Cancel reply Please enter your comment! Please enter your name here You have entered an incorrect email address! Please enter your email address here (adsbygoogle = window.adsbygoogle || []).push({}); Related Posts (adsbygoogle = window.adsbygoogle || []).push({}); About Us Techworm is a Security News Platform that centers around Infosec, Hacking, Zero-Days, Malware, Vulnerabilities, Cyber Crime, DDoS, Surveillance and Privacy issues and to keep you informed and secure. Note The authors' opinions in the post may not necessarily reflect the official position of SitelinksAbout Us Contact Us Privacy Policy Submission Guidelines Security Researcher Acknowledgments

Trending Arizona News:

  • 'Cat house' up for sale in northeast Arizona
  • What Is the Capital of Arizona?
  • Ex-regulator in Arizona pleads not guilty in influence-peddling case
  • Kingman Heights Apartments rehabilitated by FSL Real Estate
  • Resource Real Estate Buys Phoenix Community for $55M
  • ‘Property Wars’ star merges his firm with Realty Executives Phoenix
  • HUD Softens Reverse Mortgage Ban in Some AZ Towns
  • Biz awards
  • Real estate website expects Phoenix to be top housing market in 2017
  • Can better water and energy use boost real estate development?
  • Suspect in captive woman case told lie to get real estate license
  • Buckeye, AZ Homes for Sale
  • Spotlight on Rim County Real Estate Professionals: Kim Anderson, Prudential Arizona Realty
  • National Franchise Model Opens in Temecula
  • Reality TV star gets 17 years in prison over $33M real estate fraud
  • Foreign buyers flood US real estate, but buy cheaper homes
  • FBI seeks property seizure - Thu, 09 Aug 2012 PST
  • 2nd person involved in questionable real estate business caught
  • What $1 Million Buys You In Phoenix, Arizona
  • This big real estate company just hired a new president