Bill Gates is investing $80 million to build a smart city in Arizona

November 14, 2017 | Courtesy of theverge.com

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Bill Gates has invested $80 million into a planned smart city based outside Phoenix, Arizona, according to local news publication AZ Central. The investment was made through a group controlled by Gates’ investment firm Cascade Investment, which bought a stake in a 24,800-acre development in Belmont. The plan is for 80,000 homes to be built, with 3,800 acres reserved for industrial, office, and retail space, 3,400 acres of open space, and 470 acres dedicated for public schools.

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