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Google wants to develop and tax 350 acres of Toronto

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Alphabet Inc’s Sidewalk Labs unit is proposing it get a share of property taxes, development fees, and the rising value of Toronto city land as part of a deal to build a smart city, according to the company’s slide presentation made public on Friday.
Alphabet Inc’s Sidewalk Labs unit is proposing it get a share of property taxes, development fees, and the rising value of Toronto city land as part of a deal to build a smart city, according to the company’s slide presentation made public on Friday.
Toronto and its politicians got a real ear-full on Friday when they found out that Sidewalk Labs‘ small project, a 12-acre plot of land called Quayside with tech-friendly development, actually wants to develop 350 acres and draw profit from sources including higher property taxes and a share of developer fees, the Toronto Star reports.
Actually, all levels of government officials, from City Hall to Queen’s Park and Parliament Hill were left in a state of shock at the audacious plan that would develop and tax a huge swath of prime, mostly public city property.
„There is no way on God’s green earth that Premier Doug Ford would ever sign off on handing away nearly 500 acres of prime waterfront property to a foreign multinational company,“ a senior official tells the Star.

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