When Ontario's auditor general released a report in early December calling on Waterfront Toronto to slow down on its smart city project with Alphabet Inc.-backed Sidewalk Labs, it prompted the federal government to fire three Waterfront Toronto board members, including chair Helen Burstyn.
Burstyn's replacement, lawyer and real estate developer Steve Diamond, was named and received the support of Toronto city council this week, but is still awaiting official approval from the province. THE CANADIAN PRESS/HO, Diamond Corp.Burstyn's replacement -- lawyer and real estate development executive Steve Diamond -- was named and received the support of Toronto city council last week, but is still awaiting official approval from the province.
There seems to be some confusion about Waterfront Toronto is and what its responsibilities in this project are. Do you see clearing up misconceptions as being a big part of your job? What type of controls are the company looking for? What is the expenditure amount that they are anticipating? I could probably list many, many questions and I do have to be somewhat careful because we do have an agreement and there is a confidentiality clause in it, but all the business parameters around the plan to even evaluate if it is in the public interest or is even a good plan or a bad plan haven't been submitted in order to make any, in my view, appropriate comment on it.Yes.
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