Google's parent company is abandoning a controversial plan to turn Toronto's waterfront into a futuristic neighborhood
San Francisco Google's parent company is abandoning a controversial plan to turn Toronto's waterfront into a futuristic neighborhood.
Sidewalk Labs, the subsidiary of Alphabet focused on smart cities, will no longer help develop the Canadian city's Quayside neighborhood, it announced Thursday. "But as unprecedented economic uncertainty has set in around the world and in the Toronto real estate market, it has become too difficult to make the 12-acre project financially viable without sacrificing core parts of the plan," Daniel Doctoroff, chairman and CEO of Sidewalk Labs, said in a blog post.
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