Construction News – Bill Gates Buys Land for 'Smart City' Construction

Bill Gates' investment group, Cascade Investment LLC, recently bought a piece of land in Arizona to build a “city of the future,” UPI reported. The group paid around $80 million for a piece of Belmont, a 24,800-acre development in the desert, about 45 minutes outside of Phoenix. The area is almost completely unpopulated, but project developers Belmont Partners said they envision building a “smart city.”"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," said Belmont Partners in a press release….

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