- Alphabet's (GOOG -0.7%)(GOOGL -0.8%) Sidewalk Labs reportedly wants tax cuts in Toronto to build a smart city along the eastern waterfront.
- Alphabet wants a cut of the property taxes, development fees, and increased land value for its work in the city.
- The money would amount to about $6B over 30 years and would ordinarily go to the city.
- Sidewalk Labs has experienced local pushback from local officials concerned about the company's data collection.