Northern Light
Superstar
What would it take to convince PortsToronto to budge on this? It's wild that building man made islands in the middle of the harbour seems more likely that just shutting down a frivolous airport. You'd think with all the Liberal ridings in Toronto that the city would have some sway with the feds. Maybe if the wealthy donor class actually cared about the public realm instead of protecting the "character" of their neighbourhoods we'd have a nicer city.
Arguably, it's on the City as much as anyone.
The lease on the airport lands and the tripartite agreement governing the airport to which the City is a party expires in 2033.
The City can simply say 'no' and that will effectively close the airport.
Obviously senior levels of government can choose to overrule the City, but that seems unlikely.
The airport has a variety of pending investments required, including changes to the runways which more or less require City consent. They also require significant public investment (runway safe end areas) and pre-clearance
customs facilities which involve total capital costs well in excess of 100M in today's money. Not to mention Ports Toronto's ongoing position that it requires a bridge for emergency response reasons, which would be an additional cost.
Given that pre-pandemic Porter was losing money; and that it is now committed to buying jets which will have to fly out of Pearson......
There would seem to be a window here....
I think, if the City were to clearly express its intent not to renew the lease, it's likely the airport would close earlier than 2033 by mutual agreement.
This is a letter sent by Parks not Planes to Council Ctte in association with an Economic Impact Study. Obviously they have a bias preference; but they make a factual case that gives lots of the details:
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