Buttonville to continue operations until 2023
By Wings Staff
Cadillac Fairview, Armadale Co. Limited, and Torontair Limited, announced that the Toronto Buttonville Municipal Airport will continue operations until at least spring 2023.
In 2011, Cadillac Fairview (CF) and Armadale, owners of the lands at Buttonville Airport, submitted an application for land use changes to the site. The application sought a permit to create what the land owners described as a world-class employment district and vibrant, mixed-use lifestyle destination.
Due to significant delays in reaching an appropriate rezoning, CF, Armadale and Torontair have extended the timeline for airport operations to continue for up to five years, into spring 2023. The outlook for extensions beyond this date, explains the group, will be dictated by progress on approvals.
Buttonville Airport is a multi-service general aviation airport operated by Torontair, offering general aviation services like flight training, aircraft maintenance and avionics service providers, local and visiting pilot services, based and visiting aircraft services, and hangar and office space for rent.
Cadillac Fairview is one of the largest owners, operators and developers of mixed-use properties in North America. Its portfolio is owned by the Ontario Teachers’ Pension Plan and valued at around $29 billion. Armadale Co. is a private, family-run real estate owner and developer headquartered in Markham, Ontario.