Thousands of residents now live and work in our downtown waterfront, with more arriving almost daily. WATERFRONT TORONTO, in partnership with Beanfield (a local network provider) and IBM will soon be wiring this towering neighbourhood with a high-speed ‘open access’ network.
The so-called ‘smart city’ project, first of its kind in Canada, is about more than that. Waterfront Toronto is looking for a developer to build a heavily wired, 350,000 square foot ‘innovation centre’ to service creative sectors such as animation, graphics and similar data-intensive applications. The centre would be located adjacent to Corus Media on Queen’s Quay East.
A UK study released last fall predicts the global ‘smart cities’ industry will be worth more than $400-billion by 2020. <PHOTO ABOVE – flickr/Norman Maddeaux>