Bill Gates Buys Land in Arizona Desert to Build a Smart City

An investment firm run by Bill Gates has put down $80 million to develop a planned community in Arizona. The 25,000 acres of land is about 45 minutes west of Phoenix, in an area called the West Valley. The community, which Gates wants to turn into a "smart city," will be named Belmont.

Of the 25,000 acres, 3,800 will be used for office, retail, and commercial space. Another 470 acres will be used for public schools. That leaves enough space for 80,000 residential units. Read the full article here.

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