Developers and Tech Partners Betting On $7.5 Billion Smart City Investment

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Over the next six years, a team of real estate developers and technology companies plan to spend $7.5 billion building “Bleutech Park Las Vegas,” a smart “mini-city” within city limits, reported State Scoop. Developers estimate the project will create more than 25,000 jobs.

Real estate investment trust Bleutech Park Properties, Inc. announced the project on Wednesday, with partner Cisco supplying the technology. 

Developers promise IoT and beyond, including artificial intelligence, augmented reality, autonomous transit, “self-healing concrete,” and “supertrees,” which reduce carbon emissions, according to a press release. 

“We look forward to playing an integral role in this ground-breaking initiative, which will deliver a one-of-a-kind experience to its guests and visitors. It will push the envelope of innovation and bring together technology solutions that once seemed like pure science fiction,” Mike Grigsby of Cisco’s Smart and Connected Communities group said in a press release.

The city will include reducing water intake, and waste will be handled by robots and around-the-clock biometric systems, according to State Scoop. Bleutech Park Las Vegas will have residential spaces that are “ultra-luxury,” alongside mixed-income living, as well as office, retail and entertainment spaces.

August 7, 2019     

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