Sidewalk Labs, the subsidiary company of Google parent company Alphabet, has designs for development potential far beyond the Quayside neighborhood where it's partnering with Waterfront Toronto to test new smart city technology.
Marco Chown Oved reports: "Google’s futuristic development on the eastern waterfront, Quayside, is only the first step in an expansive and ambitious plan to build new neighbourhoods — and new transit — throughout the entire Port Lands, the Star has learned."
"In return for its investment in this vision, Sidewalk Labs wants a share of the property taxes, development fees and increased value of city land that would normally go to city coffers," adds Oved.
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The bombshell news caused a stir on social media, and a few days after the news broke, Dan Doctoroff, CEO and co-founder of Sidewalk Labs, took to the pages of the Toronto Star to explain the company's take on the news and make the case that the company is not interested the Eastern Waterfront area beyond Quayside.
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