Wednesday, October 18, 2017

The new face of real estate development in Toronto

Move over Bratty and Muzzo and Del Zotto.

There's a new sheriff in town.


Yup, Google's "Sidewalk Labs" is touted as the saviour of the portlands. They're gonna put fifty millions into their new development on the Toronto waterfront.

Ironically, this announcement comes hard on the heels of another announcement that three levels of government are combining to sink 1.25 billions into an infrastructure upgrade for the portlands.

Hmm... the taxpayer is putting in one and a quarter billion.

Google is investing fifty million.

Who do you think will walk away with the profits?

We're setting the stage for Google to "disrupt" the development industry the way Uber "disrupted" the taxi industry.

That is, they'll break all the rules and then put the onus on their victims to prove wrongdoing. And, like Uber, they'll get away it with because, after all, they've got a bottomless pool of off-shore capital that's locked and loaded to blow the traditional legal bulwarks off the zoning maps.

Some of the locals may have deep pockets, but they've got nothing compared to the Googlites.

Surrender now!

Resistance is futile.

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