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Published on: 2025-03-20 17:11:32 Published on: 2025-03-20 17:11:32

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What is causing the decline of SBI Funds Management Private Limited (543429) ✌️【Smart Picks】✌️ Real-time stock indices and futures data to help you seize the best investment opportunities. Analyze market movements with precision and grow your portfolio with expert stock predictions. 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.

What is causing the decline of SBI Funds Management Private Limited (543429) ✌️【Smart Picks】✌️ Accurate stock market predictions with real-time stock indices, futures data, and global market trend analysis. Achieve stable growth and avoid losses by staying ahead with our expert recommendations. 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.

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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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