http://www.theglobeandmail.com/news/...rticle2051113/
Ultra-high-speed broadband for a wired waterfront
We have the Annex, Distillery District and Mink Mile. Toronto’s newest neighbourhood will likely be called High-speed Haven.
Waterfront Toronto announced Tuesday that new commercial and residential developments along the lakeshore will be outfitted with an ultra-high-speed broadband network, providing Internet access more than 500 times faster than that of other parts of the city
“Until now, broadband of this calibre has not been available for residential use in Toronto,” said John Campbell, president and CEO of Waterfront Toronto.
The new fibre-optic wiring will be built into all new developments within the East Bayfront and West Don Lands regions of the waterfront, part of an effort to attract the digital media industry and other creative endeavours to the area.
The Corus Entertainment building on Queen’s Quay is already wired with the system, which will also be incorporated into the new waterfront campus of George Brown College, as well as an affordable housing complex to be built by Toronto Community Housing and the athletes village constructed for the 2015 Pan Am Games.
The first condo owners to benefit will be residents of the Parkside development, a residential tower to be built between Sherbourne Common and Bonnycastle Street, south of Lake Shore Boulevard. The units go on sale this September, and the building is expected to be completed by 2014.
It will also be included in River City, a condo development south of King Street between River Street and the Don River.
Waterfront residents will pay for the service through a $60 charge included in their monthly condo fees.
Dan Armstrong, president and CEO of Toronto’s Beanfield Metroconnect, the company that will be installing the broadband system, said the price – and the speed – will be guaranteed for 10 years after the last of the planned developments is completed.
“There will be ongoing investment to make sure we are always on top,” he said.
The company will also be moving IT staff into a permanent storefront in the community and providing a local web portal, which will include CCTV feeds from around the waterfront, allowing residents to “check whether there is a seat available on Sugar Beach.”
Wiring the area is expected to cost $30-million in capital investment, which will be paid for by private-sector investors, who expect to recoup their money through service fees paid by corporate and residential tenants.
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http://www.theglobeandmail.com/news/...rticle2051113/