Bill Gates has purchased 25,000 acres in Arizona to create a new smart city named Belmont. Through his investment firm, Belmont Partners, he spent $80 million on the land in Southwest Arizona about 45 miles away from Phoenix. The city will be located along a proposed freeway that will run from Northern Nevada to Mexico. It will feature high-speed internet built into the city, streets designed for self-driving cars, and sustainable manufacturing technology. The city will be a community that includes schools, offices, stores, and 80,000 homes. Once it is complete it’s expected to have a population of over 180,000, roughly comparable to Tempe, Arizona. No timeline for construction has been released. – BUSINESS INSIDER