Sidewalk Labs wants entitlement to a portion of developer charges and property taxes on 350 acres of land near the Toronto waterfront, according to a presentation obtained by the Toronto Star. The article reveals Sidewalk’s plans to finance an LRT expansion in the area. Sidewalk Labs posted an updated presentation in a Medium post from CEO Dan Doctoroff minutes after the Star story broke. All three levels of government and Waterfront Toronto told the National Observer that they had not seen the details highlighted in the presentation. (Toronto Star, National Observer)

Talking point: In September 2018, The Logic reported that the Quayside land could be worth over half a billion dollars, and how that may play into any future real estate components of the Sidewalk deal. Three months later, we reported that Waterfront Toronto was—at one point—considering contributing the equity of the Quayside land to fund the Sidewalk Toronto development. This most recent report confirms Sidewalk’s interest in benefitting from the real-estate aspect of what it has predominantly billed as a technology play.