GOOGLE AFFILIATE SCRAPS PLAN FOR TORONTO SMART CITY PROJECT

Techlife News|Techlife News #446

GOOGLE AFFILIATE SCRAPS PLAN FOR TORONTO SMART CITY PROJECT
Google abandoned its smart-city development in Toronto after more than two years of controversy over privacy concerns and amid economic uncertainty caused by the pandemic.

A unit of Google’s parent company Alphabet had been proposing to turn a rundown part of Toronto’s waterfront into a wired community, but Sidewalk Labs chief executive Dan Doctoroff said in a statement that it is no longer financially viable.

“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 project financially viable without sacrificing core parts of the plan,” Doctoroff said.

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Techlife News #446