- February 27, 2019
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Critics are focusing on Sidewalk's plans to mop up revenues from the land surrounding the proposed smart city in Quayside. The revenues, which will mainly be derived from an appreciation in real estate prices, could reach as much as $6 billion in the coming decades.
I'd posted earlier about Sidewalk's plans to use geothermal energy in the proposed smart city and noted that the project was turning out to be a tidy little business for Alphabet subsidiaries: think Google as a provider of broadband, Dandelion Energy for geothermal provisioning, and a slew of cuts from other investments and partnerships for basic services, such as public transit and energy etc.
#Blocksidewalk, the group that has been formed to spearhead protests, wants Quayside development to take place without Sidewalk "in the driver's seat". The argument is not dissimilar to the one made against Amazon's plans to build a second headquarters in Long Island City in NYC. Of course, Amazon could point to job numbers and planned economic development as proof that it was serious about the venture.
Sidewalk does not really have much to go by. Since the project's inception, its details have been shrouded in mystery. It will be interesting to see if Sidewalk is forced out of Toronto's smart city like Amazon was forced out of NYC. (I am not betting my money on it).