Alphabet could use Hudson Yards as template to finance Toronto megaproject

Alphabet, Google’s parent company, may look to Hudson Yards as a model for how to finance an 800-acre urban hub along a downtrodden part of Toronto’s waterfront. Sidewalk Labs, a Google sister company, is exploring options that could include selling bonds back by tax revenue and development charges from the commercial site, Bloomberg reported. The model could be similar to part of the $25 billion plan for Hudson Yards: Investors funded about $3 billion worth […]

source https://therealdeal.com/2019/03/14/alphabet-could-use-hudson-yards-as-template-to-finance-toronto-megaproject/

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