Sidewalk Labs says it will spend $1.3 billion on the project in the hopes of spurring $38 billion in private sector investment by 2040
Sidewalk Labs, Alphabet’s smart city subsidiary, released its massive plan Monday to transform a slice of Toronto’s waterfront into a high-tech utopia. Eighteen months in the making and clocking in at 1,524 pages, the plan represents Alphabet’s first, high-stakes effort to realize Alphabet CEO Larry Page’s long-held dream of a city within a city to experiment with innovations like self-driving cars, public Wi-Fi, new health care delivery solutions, and other city planning advances that modern technology makes possible.
Previously, Sidewalk Labs called it “a neighborhood built from the internet up.” But on Monday, Sidewalk Labs CEO Dan Doctoroff went a step further to describe it as “the most innovative district in the world.”
