Bill Gates is building the City of the Future in Arizona

One of the richest men in the world wants to build its own city and fulfill a tech dream for people to enjoy. Image Compfight

One of the richest men in the world wants to build its own city and fulfill a tech dream for people to enjoy. Image Compfight

Microsoft co-founder and billionaire philanthropist Bill Gates put down $80 million for a massive swath of land in Arizona, about 45 minutes west of downtown Phoenix, KPNX reports.

A fresh start is very hard to achieve in building the cities of the future-unless, of course, you're Bill Gates.Once upon a time, when science fiction authors thought of the future, they imagined glistening towers of glass and steel, in perpetually lovely environments.

The city would be founded in Phoenix-Arizona, comprising of a land area around twenty-four thousand eight hundred acres.

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Mt Lemmon Holdings - an affiliate of Gates' firm Cascade Investment - has paid $80,000 for a stake in nearly 25,000 acres of unpopulated desert. Belmont is planned to span 25,000 acres with space for 80,000 residential units. Although Gates has given the project a new boost of funding and publicity, the planned community of Belmont, Arizona has been in the works since the 1990s.

It will be built to accommodate self-driving cars. The new community will include 3,800 acres of office, commercial, and real estate facilities, in addition to 470 acres of public schools and about 80,000 homes.

The city sits nearby the proposed route of the Interstate 11 freeway, which will connect the state capital and Las Vegas if it goes ahead.

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"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", said a statement from Belmont Partners, according to 12 News. Belmont is the latest to be announced, but Google's sister company Sidewalk Labs recently unveiled plans to construct an entire new future city on the Toronto waterfront.

'Bill Gates is known for innovation and those kind of things and I think he picked the right place.

The city would have a population of about 182,000, fairly comparable to that of nearby Tempe, Arizona. "He's coming to Arizona", Schott said. While the highway is tentatively set to complete construction in 2018, no timetables for Belmont have been publicly announced yet.

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