Bill Gates is investing $80 million and building a smart city in Arizona

He’s bought nearly 25,000 acres of land

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. The smart city ...