Among the operations that will be affected is the Millionair, Buttonville Flying Club, Toronto Airways & Centura Inc.
In a letter addressed to the airport’s staff and tenants, Derek Sifton, President of Toronto Airways Limited, said a lease agreement which has allowed the airport to continue operating is expiring.
“Today we would like to announce that the Toronto Buttonville Municipal Airport will cease operations on November 30, 2023” Sifton said.
“Since 2010, the airport has been operating under a land lease with Cadillac Fairview which has now reached its natural expiry, and they may look to redevelop the airport site at some time in the future.”
The letter goes on to thank the airport staff, contractors, and tenants for their loyalty and dedication.
Airport the target of developers for decades
Rumours about the airport’s closing have circulated for many years.
In 2009, the Sifton family, which had owned the airport at the time for more than 40 years, announced plans to redevelop the site. In 2010, Cadillac Fairview entered into a joint venture with developers to purchase the property.
But difficulties in planning for the future of the site led to delays in Buttonville’s closing.
In 2018, the airport was so close to ceasing operations that Nav Canada, which operates the country’s air traffic control and civil air navigation system, decided to remove staff from the control tower at the airport.
But later that year, it was announced that Buttonville Airport would continue to operate until 2023, when the land lease agreement with Cadillac Fairview would expire.
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