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Top Stocks for Diversification Exclusive Investor Insights ✌️【Investment Tools】✌️ Real-time stock market data, precise predictions, and investment strategies to help you optimize your portfolio and achieve financial success. Google’s parent companyhas scaled back its plans for developing a Toronto neighborhood to potentially get approval from local officialsfollowing a backlash that put the project’s future in doubt.
Top Stocks for Diversification Exclusive Investor Insights ✌️【Investment Tools】✌️ Free break-even services with personalized investment plans. Quickly recover from losses, avoid risks, and achieve steady growth with expert stock predictions and real-time market updates. Waterfront Toronto, the government agency overseeing the development, announced Thursday that it has agreed to evaluate Alphabet’s plans after major concessions from the tech company, including a much smaller plot of land for the development and less control over data. The agreement keeps Alphabet’s project alive.
Top Stocks for Diversification Exclusive Investor Insights ✌️【Investment Tools】✌️ Expert guidance on stock market trends and real-time updates on stock indices, futures, and exchange rates. Make well-informed decisions and plan the best investment strategies for capital growth. Alphabet’s goal to build a model neighborhood for the digital age has been controversial since it wasannounced in October 2017. Last year, Ontario’s auditor general saidthe process to select Alphabet was rushed. Several officials, including the head of Waterfront Toronto, have since resigned.
In June,Alphabet tried to win overToronto with a 1,524-page plan detailing how the neighborhood would be designed and function.It described eco-friendlywood buildingsas well asstreets designed for pedestrians, cyclists and self-driving cars.Critics objectedto how much power Alphabet sought.
“They asked for too much land, too much control over data, and too much control over governance,” said Joe Cressy, a Toronto city councilman who sits on Waterfront Toronto’s board of directors. “These are significant changes that make taking the next step possible. Without them, we would have had a responsibility to say ‘no’.”
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“This project has been de-fanged,” tweeted Bianca Wylie, a Toronto activist and critic of the project.
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“We are working to demonstrate an inclusive neighbourhood here in Toronto where we can shorten commute times, make housing more affordable, create new jobs, and set a new standard for a healthier planet,” Sidewalk Labs CEO Dan Doctoroff said in a statement.
Hurdles still remain before Alphabet can break ground. There will be more public consultation, such as open forums to discuss the project, in early 2020. Waterfront Toronto will make its ultimate decision by the end of March.
“There is still much work to do,” said Stephen Diamond, Chair of the Waterfront Toronto board of directors. “Let me be clear: this is not a done deal.”
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