TORONTO - Sidewalk Labs is plotting to expand its proposal for a high-tech Toronto community by funding transit and underground infrastructure and trying to snatch up a portion of development fees and property taxes typically funnelled towards the city. The Alphabet Inc.-backed entity behind plans to build a high tech community in Toronto is proposing it receive a cut of developer fees and incremental property taxes associated with the project. Sidewalk Labs has released documents showing that in return for developing the Quayside community, it intends to push for access to money the city would typically collect. Article Continued BelowIn an email to The Canadian Press, Sidewalk spokeswoman Keerthana Rang said the company does not intend to develop the entire eastern waterfront. It also envisions jobs will come from an Ontario factory it plans to resurrect to supply tall timber for the community’s construction.

Source: thestar February 15, 2019 14:12 UTC