Bill Gates invests $80 million to build Arizona smart city

Bill Gates wants to build a futuristic community in Arizona.

A group associated with a Gates investment company has invested $80 million in a high-tech planned development outside Phoenix.

The community in Belmont will be designed around high-speed networks, autonomous vehicles, high-speed digital networks, data centers, new manufacturing technologies and autonomous logistics hubs.

It's unclear how much former Microsoft CEO Gates, who owns Belmont's parent company Cascade Investment, will be involved in the effort.

Belmont Partners, the Arizona-based real investment group that's leading the project, said it will be similar in size to nearby Tempe, Arizona, which has a population of 182,000.

More info here: http://money.cnn.com/2017/11/13/technology/future/bill-gates-smart-city-arizona/index.html