Originally Posted by Wiborg Sturmfels
Just posted it in another thread but i guess the name "Baldur´s Gate 3" was an unfortunate decision because the only common ground to the predecessors is the setting in the Forgotten Realms in and around the city of Baldur´s Gate.

No, even this is not accurate. The game is not set in the Forgotten Realms at all. It is set in Rivellon with Forgotten Realms names and terminology just slapped on to it.