Future
The new control tower's modular design is speculated to be because the airport's licence expires in 2010 and the Greater Toronto Airports Authority planning document for Pickering Airport assumes its closure by 2011 when GTAA funding of Buttonville (which replaced a Provincial subsidy) ceases. The new modular tower is Nav Canada's standard design for new towers and flight service stations, and is the sixth such tower built in Canada by the company.
Buttonville Airport is still privately owned, but may close at any moment due to lack of funds. GTAA has stopped funding the airport causing a $1.5 million loss. GTAA blames the decrease of traffic at Pearson Airport for eliminating the subsidy. Transport Canada has not yet made a decision on the Pickering airport project.
In September 2009, the Sifton family, owners of the airport, announced plans to re-develop the airport from 2009 to 2016 into a mixed use of commercial, retail and residential development. In the meantime the airport will continue to operate and unknown plans for the airport operations to re-locate to another GTA airport (Toronto/Markham Airport) or cease operations altogether.
On 28 October 2010, a press release announced that a joint real estate venture had purchased the 170-acre property on 7 October, which will be re-developed by Cadillac Fairview. Plans include condominiums, retail shops, and office space.
Read more about this topic: Buttonville Municipal Airport
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