Farmer Bill’s Smart City In The Desert Talk of Gates buying land for smart cities goes back to at least 2017, when the Microsoft founder and world’s third wealthiest person spent a reported $80 million for almost 25,000 acres near Phoenix, through real estate investment trust (REIT) Belmont Partners.
Where is Bill Gates land in Arizona?
The Bill Gates Smart City Plan
The billionaire philanthropist made headlines worldwide when he purchased a 24,800-acres desertic area near Phoenix, Arizona in the US for USD$ 80 million. He is planning to build one of the world’s first smart cities from the ground up.
How much land does Bill Gates own in Arizona?
Most notably, in 2017, the Gates-affiliated Mt. Lemmon Holdings invested in some 40 square miles of “transitional” land on the western fringe of the Phoenix sprawl. (According to The Land Report, Gates owns about 27,000 acres of non-agricultural land, in addition to his farm holdings.)
Where is Bill Gates buying land?
Today, Bill Gates owns 242,000 acres of farmland in 19 states. In addition, he owns 25,750 acres of transitional land and 1,234 acres of recreational land for total land holdings of 268,984 acres. His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres).
Where is Bill Gates Belmont Arizona?
Belmont is a proposed planned city in the Phoenix metropolitan area of Arizona, United States. The development, a partnership between billionaire philanthropist Bill Gates and local real estate investors, will be a “smart city” designed around emerging technologies.
Why is Bill Gates buying land in Arizona?
Verma predicts the buzz around a big-name investor like Bill Gates will help attract more outside investment and bring in additional capital for other developments, which will be good for the census-designated place in western Maricopa County known as Tonopah, which is approximately 50 miles west of Downtown Phoenix
Why did Bill Gates buy land in Arizona?
A few years ago, Bill Gates has announced plans to build a smart city outside of Buckeye in Arizona. Through his subsidiary Mt. Lemmon Holdings, the billionaire spent $80 million to purchase more than 24,000 acres of land with plans to build a smart city, which will include housing, schools, offices and retail.
Who bought land in Buckeye AZ?
Joint Venture Acquires 54-Acre Land Parcel in Buckeye, Arizona for Logistics Park Development. The joint venture plans to develop a two-building logistics warehouse park, totaling 900,000 square feet, at the 54-acre site in Buckeye, Ariz.
Where is the futuristic city being built in Arizona?
1 for Telosa, a proposed sustainable city that would consist of 150,000 acres, roughly 234 square miles, with 5 million people over 40 years. Lore’s proposed smart city is also looking at other states such as Texas, Utah, Idaho and Nevada and the Appalachian region, according to the company’s website.
What is the coolest city in AZ?
Tucson is the “coolest” Arizona city on the list, checking in at No. 20 with a 2014 summer average temp of 85.7 degrees.
Why are billionaires buying up farmland?
Sustainable farming practices also increase the value of the land, which creates a benefit for the planet and investors. However, investing in new technologies requires upfront investment. For this reason, investing in farmland is a win-win for farmers, investors, and the environment.
What foreign country owns the most land in the United States?
Canada
Canada is the biggest foreign owner of U.S. agricultural and timber land, and owns 4.7 million acres in the United States. The Netherlands is the second largest foreign owner with 4.6 million acres.
Who owns most farmland in USA?
Bill Gates
With almost 269,000 acres, Bill Gates retained his ranking as America’s largest private farmland owner.
Where is the Douglas Ranch in Arizona?
Buckeye, Arizona
Douglas Ranch is a proposed 33,800-acre (137 km2) community in Buckeye, Arizona, located 25 miles (40 km) west of Phoenix, Arizona, United States.
Where is the best city to live in Arizona?
Ranking Arizona: Top 10 best places to live for 2021
- Town of Gilbert.
- City of Phoenix.
- City of Scottsdale.
- City of Tempe.
- City of Mesa.
- City of Chandler.
- City of Surprise.
- City of Glendale.
Does Bill Gates own land in Nevada?
Gates also owns a stake in more than 24,800 acres of transitional land outside of Phoenix. A Tri-City Herald report on the 2018 purchase of 14,500 acres of farmland in Benton County, Wash.
What is the newest town in Arizona?
The oldest incorporated place in Arizona is Tucson which incorporated in 1877 and the most recent was the town of Tusayan which incorporated in March 2010.
Is Microsoft coming to Arizona?
We chose Arizona as the location for our next US datacenter region for its abundant solar energy, highly skilled workforce, proximity to our customers, and availability of land.
What is Bill Gates networth?
Bill Gates is worth roughly $133 billion as of Jan. 13, 2021. 1 He earned the bulk of his fortune as CEO, chair, and chief software architect of Microsoft (MSFT). Gates stepped down as chair in 2014, but still owns 1.34% of the company he co-founded.
How is Arizona’s water supply?
More than 90 percent of our water supply is surface water that originates as snow in the mountains north and east of Phoenix. As the snow melts, it flows into reservoirs on the Colorado, Salt and Verde Rivers where it is stored for future release to our water treatment plants.
Does Bill Gates own land in Arkansas?
In total, Bill and Melinda Gates have acquired land in more than a dozen states. However, his largest land holdings are in Louisiana (69,071 acres), Arkansas (47,927 acres), Nebraska (20,588 acres), Arizona (25,750 acres) and Washington state (16,097).
