Waterfront Toronto clears another hurdle
Waterfront Toronto has agreed to allow a controversial smart-city project to go to a formal evaluation and further public consultations.
A final vote on Sidewalk Labs' proposed Quayside development project is slated for next year.
Today was the deadline for the two sides to resolve issues such as the project's scale, public transit commitments, and privacy and data collection.
Mayor John Tory says the project has the potential to create new jobs, boost economic development, and create more affordable housing.
Ontario Premier doug Ford released the following statement:
"From day one, our priority has been getting a good deal for the people of Ontario. A deal that protects the privacy rights of Ontarians and respects taxpayers while also demonstrating that Ontario is Open for Business and Open for Jobs.
Today's outcome isn't a final agreement, rather it is confirmation that as conversations continue between Sidewalk Labs and Waterfront Toronto, these principles will be protected. By focusing the Master Innovation Development Plan on the 12-acre Quayside parcel, ensuring that the land was valued at a fair market price and that the privacy of data collected on the site is protected, the right balance has been struck between protecting the interests of the people of Ontario and encouraging investment, innovation and economic development.
I want to thank the Chair and the Board of Directors of Waterfront Toronto for their leadership. Our government looks forward to continuing to work with all of our partners to create a world-class waterfront that maximizes opportunities and job creation."