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One of Bill Gates' investment firms has spent $80 million to kickstart the development of a brand-new community in the far West Valley.
The large plot of land is about 45 minutes west of downtown Phoenix off I-10 near Tonopah.
The proposed community, made up of close to 25,000 acres of land, is called Belmont. According to Belmont Partners, a real estate investment group based in Arizona, the goal is to turn the land into its own "smart city."
http://www.12news.com/news/local/valley/bill-gates-buys-big-chunk-of-land-in-arizona-to-build-smart-city/490978125