Sidewalk Labs, the smart city subsidiary of Alphabet with the stated goal of “reimagining cities from the Internet up,” now has a very big sandbox in which to conduct its high-tech experiments. The Google spinoff announced a deal with the city of Toronto to develop 800 acres of waterfront property into its own digital utopia.
Waterfront Toronto, a city agency tasked with overseeing the development along the shore of Lake Ontario, is teaming up with Sidewalk Labs to create a new venture called Sidewalk Toronto. On Tuesday, Canadian Prime Minister Justin Trudeau joined top executives from Alphabet, including executive chairman Eric Schmidt, to announce the deal, which includes a $50 million commitment from Sidewalk Labs for the installation and testing of the company’s smart city technology. The cost of the project, currently dubbed Quayside, is likely to run over $1 billion, according to an earlier report by The Wall Street Journal.
“CREATING A NEW TYPE OF NEIGHBOURHOOD THAT PUTS PEOPLE FIRST” “Today's announcement is about creating a new type of neighbourhood that puts people first,” Trudeau said in a statement. “Sidewalk Toronto will transform Quayside into a thriving hub for innovation and a community for tens of thousands of people to live, work, and play.”
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