a blog post
that Sidewalk Labs would no longer be proceeding with the Quayside project, which has been in development since October 2017, owing to economic uncertainties resulting from the COVID-19 pandemic. According to the company, the project to build a 12-acre ultra-connected neighborhood on Toronto's Eastern Waterfront would have "set new standards" for city designs and would have included everything from driverless vehicles to heated sidewalks, not to mention a copious number of sensors.
"But as unprecedented economic uncertainty has set in around the world and in the Toronto real estate market, it has become too difficult to make the 12-acre project financially viable without sacrificing core parts of the plan we had developed together with Waterfront Toronto to build a truly inclusive, sustainable community.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Colombia abandons contact-tracing from coronavirus app after glitches - Business InsiderColombia had to abandon contact tracing from its coronavirus app because it didn't work properly
Source: BusinessInsider - 🏆 729. / 51 Read more »
10 things in tech you need to know today - Business InsiderFacebook announced the first 20 members of its oversight board that will decide what controversial content is allowed on Facebook and Instagram. I need to know way more than ten things today
Source: BusinessInsider - 🏆 729. / 51 Read more »
10 things in tech you need to know today - Business InsiderAirbnb is cutting 25% of staff — 1,900 jobs — after its business has been slammed by the coronavirus crisis.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Elon Musk's theater of the absurd is a sign of the times for tech - Business InsiderThis week in Trending, we look at the good, the bad, and the bizarre ways Silicon Valley is dealing with the coronavirus downturn. Elon Musk runs an engineering sweatshop.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Peloton stock price soars 20% to record highs after earnings - Business Insider'During the last few weeks of Q3, we saw a significant increase in demand for our bike, which has continued into Q4 so far,' the company said.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Fintech Accelerators report from Insider Intelligence - Business Insider[NEW REPORT] Fintech Accelerators: insider_intel spoke with key figures within the accelerators of top banks to find out more about how they run their respective programs insider_intel
Source: BusinessInsider - 🏆 729. / 51 Read more »