Alphabet secures conditional approval to build a 'smart city' in Toronto
Alphabet's Sidewalk Labs unit has secured conditional approval to move forward in the process to build a smart-city in Toronto, the city's waterfront development board said on Thursday. "We are encouraged by today's decision by the Waterfront Toronto board and are pleased to have reached alignment on critical issues with Waterfront Toronto," Sidewalk Labs CEO Dan Doctoroff wrote in a statement. "We want to be a partner with Waterfront Toronto and governments to build an innovative and inclusive neighborhood." Waterfront Toronto has a mandate to approve projects, although some aspects including sales of government land will still have to be approved by the relevant level of government. While the Waterfront Toronto board vote is not the final hurdle Alphabet faces in the approval process, a no vote from the board may have ended the project.
cnbc.com