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One of Bill Gates’ investment firms has spent $80 million to kick-start the development of a new smart city on a massive plot of land in Phoenix, Arizona.
The 25,000-acre plot is reportedly earmarked for a proposed smart city, Belmont, named after real estate investment group Belmont Partners, the company developing the project.
The development will include the construction of an urban community that will integrate technologies like high-speed networks, IoT-connected infrastructure, automated logistics hubs and driverless cars.
“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 centres, new manufacturing technologies and distribution models, autonomous vehicles and autonomous logistics hubs,” the company said in a statement.
Located about 45 minutes west of Phoenix, the city would be situated along the new interstate 11 highway, which would make it just a short trip away from Las Vegas. The road is expected to be completed in 2018.
One of Bill Gates’ investment firms has spent $80 million to kick-start the development of a new smart city on a massive plot of land in Phoenix, Arizona.
The 25,000-acre plot is reportedly earmarked for a proposed smart city, Belmont, named after real estate investment group Belmont Partners, the company developing the project.
The development will include the construction of an urban community that will integrate technologies like high-speed networks, IoT-connected infrastructure, automated logistics hubs and driverless cars.
“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 centres, new manufacturing technologies and distribution models, autonomous vehicles and autonomous logistics hubs,” the company said in a statement.
Located about 45 minutes west of Phoenix, the city would be situated along the new interstate 11 highway, which would make it just a short trip away from Las Vegas. The road is expected to be completed in 2018.
