BILL GATES ENTITY INVESTS $80 MILLION TO BUY CONTROLLING INTEREST IN BELMONT PROJECT
Maricopa County – A company formed by Microsoft co-founder Bill Gates paid $79.535 + million ($7,500 per acre) to purchase a 53.271 + percent interest in a 19,931-acre tract of land in the far West Valley known as Belmont. The sprawling acreage, located along both sides of 339th Avenue and north of Interstate 10, is entitled for almost 80,000 residential units and more than 3,800 acres of industrial, office and commercial uses.
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