Ontario airport to shutdown as Cadillac Fairview eyes plans to develop
An Ontario airport announced it is planning on shutting down as its landowner explores redeveloping the grounds north of Toronto.
Toronto Buttonville Municipal Airport informed staff and tenants in a letter on Wednesday that the privately-owned travel hub in Markham, Ont., is scheduled to cease operations on Nov. 30.
Since 2010, the airport has been operating under a land lease with commercial real estate company Cadillac Fairview, president of Million Air Toronto and Torontoair Ltd. Derek Smith wrote, which has owned and operated Buttonville since 1963.
Buttonville Airport began in 1953 as a grass airstrip and became an official airport in 1962. It currently services corporate and other small passenger flights, and is home to over 300 flying clubs, according to the City of Markham.
“(It) has now reached its natural expiry, and they may look to redevelop the airport site at some time in the future,” Smith said.
Rumours of the airport closing have circulated for decades
In 2009, the airport was on the brink of closure after losing a $1.5 million annual contract.
Then, when Cadillac Fairview purchased the land, it had originally intended to redevelop the 170-acres to create the equivalent of a new town. But the airport remained.
“Cadillac Fairview has always envisioned plans for redevelopment,” Janine Ramparas with Cadillac Fairview said in a statement on Thursday. “The natural expiry of the airport lease is a part of this process and we look forward to providing further details when available.”
Concluding his letter, Smith said it’s been a pleasure to develop the airport into one of Canada’s largest privately-owned airports for decades.
“I wish you all the best and thank you for your contributions on this epic journey.”
CTVNews.ca Top Stories
Former homicide detective explains how police will investigate shooting outside Drake's Bridle Path mansion
Footage from dozens of security cameras in the area of Drake’s Bridle Path mansion could be the key to identifying the suspect responsible for shooting and seriously injuring a security guard outside the rapper’s sprawling home early Tuesday morning, a former Toronto homicide detective says.
Federal government grants B.C.'s request to recriminalize hard drugs in public spaces
The federal government is granting British Columbia's request to recriminalize hard drugs in public spaces, nearly two weeks after the province asked to end its pilot project early over concerns of public drug use.
Stormy Daniels describes meeting Trump during occasionally graphic testimony in hush money trial
Stormy Daniels took the witness stand Tuesday at Donald Trump's hush money trial, describing for jurors a sexual encounter the porn actor says she had with him in 2006 that resulted in her being paid off to keep silent during the presidential race 10 years later.
MPs agree Canadian gov't should improve new disability benefit
The federal government needs to safeguard the incoming Canada Disability Benefit from clawbacks and do more to ensure it actually meets the stated aim of lifting people living with disabilities out of poverty, MPs from all parties agree.
Bye-bye bag fee: Calgary repeals single-use bylaw
A Calgary bylaw requiring businesses to charge a minimum bag fee and only provide single-use items when requested has officially been tossed.
CFL suspends Argos QB Chad Kelly at least nine games following investigation
The CFL has suspended Toronto Argonauts quarterback Chad Kelly for at least nine regular-season games following its investigation into a lawsuit filed by a former strength-and-conditioning coach against both the player and club.
Boy Scouts of America changing name for first time in 114 years, aiming for inclusivity
The Boy Scouts of America is changing its name for the first time in its 114-year history and will become Scouting America. It's a significant shift as the organization emerges from bankruptcy following a flood of sexual abuse claims and seeks to focus on inclusion.
opinion Tom Mulcair: Trudeau's handling of Poilievre's 'wacko' House turfing a clear sign of Liberal desperation
When Speaker Greg Fergus tossed out Pierre Poilievre from the House last week, "those of us who have experience as parliamentarians simply couldn't believe our eyes," writes former NDP leader Tom Mulcair in his column for CTVNews.ca
New charges for Ont. woman who previously admitted to defrauding doulas
The Brantford, Ont. woman who was previously sentenced to house arrest after admitting to deceiving doulas has been charged again in connection to a new victim.