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by AIME15
2236 days ago
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The scope-limiting to 12 acres announced on October 31 was perceived as a win for the regulators, giving them more control over the project over time. At that point the project timeline became untenable for SWL's plans but couldn't back out due to PR concerns for Alphabet. The pandemic is a convenient excuse for the company to abandon the Quayside project. For the last three years SWL has bent over backwards to be transparent about its plans and address community concerns. Plans have repeatedly been scaled down to the point where it makes absolutely no financial sense to move forward. The calculation to bet the company on Toronto was made before this recent backlash against Big Tech. I suspect it would have been made differently had the company started a year later. |
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https://medium.com/@biancawylie/debrief-on-sidewalk-toronto-...