Google to build a futuristic neighborhood in Toronto

Matt McFarland for CNN Money:  Sidewalk Labs, an urban innovation company owned by Google's parent company Alphabet, is teaming with Toronto to begin planning a neighborhood designed as a model for urban life in the 21st century.

Sidewalk Labs will invest $50 million in an initial phase of planning and pilot testing. Alphabet has also pledged to relocate Google's headquarters in Canada to the new neighborhood, called Quayside, which is on the Toronto waterfront. Google has roughly 1,000 employees in Canada.

Sidewalk Labs plans to do everything from reduce pollution, commute times and landfill waste to improve the weather. It envisions reducing the impact of wind, increasing shade on sunny days and blocking rain due to smart building design and tree planting.

In an ambitious proposal, Sidewalk Labs promised to make the weather more comfortable to enjoy the waterfront. It also believes it can reduce greenhouse gas emissions by 73%, potable water consumption by 65% and landfill waste generation by 90%.  Full Article:

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