Read more on this subject: Technocracy
News Story Source: https://www.technocracy.news, BY: LAUREN FEINER
According to internal documents obtained by the Star, Sidewalks Labs plans to argue it is "entitled to … a share in the uptick in land value on the entire geography … a share of developer charges and incremental tax revenue on all land."
This money, which would amount to an estimated $6 billion over 30 years, would otherwise go to the city, according to the Star.
Sidewalk Labs, which aims to create more sustainable and affordable cities through technology, has received significant push back to its project in Toronto after initially being heralded as a catalyst for innovation. Similar to the push back Amazon received in New York City that ultimately led the company to decide to abandon its plans there, local leaders have questioned the company's intentions and pressured it to make concessions.
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