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Alphabet's Sidewalk Labs will develop a futuristic, billion-dollar community along a sizable swathe of Toronto's waterfront. On Wednesday, the City of Toronto and Sidewalk Labs -- which is the urban innovation arm of Google's parent company Alphabet -- announced a partnership to radically re-imagine 800 acres of the city's largely vacant, post-industrial Eastern Waterfront, and turn it into a tech-integrated neighborhood called Quayside. SEE ALSO: Balloons may be Puerto Rico's best chance for communication Sidewalk Labs released a 196-page document brimming with the company's extensive ideas, including high-speed ferries, parks that can be adapted to the seasons, and robotic waste removal vehicles. Sidewalk Lab's plan to fuse smart urban planning with technology is still just a visionary document, but if realized, would likely benefit both the company and Toronto. Sidewalk Labs doesn't get any ownership of the neighborhood, but gets a massive slab of land to deploy its innovative urban experiment.