"If Ontario is serious about doing this, the process itself could take up to a year, he said. If the City of Toronto objects to the takeover, the province could speed up the legal process using special powers and take control within six months, Rayman said. But, he said, once the expropriation process begins, it will be up to the courts to determine how much the province will need to pay out the city for the asset."
"Billy Bishop airport is currently governed by an agreement between the City of Toronto, Transport Canada, and Toronto Port Authority. The city owns about 20 per cent of the land where the airport sits, according to the city's website. The current agreement doesn't outright ban larger jets, but the size of the runway and noise-reduction standards mean they don't fly in or out of Billy Bishop."
"I was very straightforward with her that we will be taking over the airport," he said. Ford has said bringing jets to Billy Bishop would also bring jobs and economic benefits to the airport and surrounding region. On Tuesday, Ford said the city will be compensated for the value of the airport and for any lost annual revenue it brought in."
Ontario Premier Doug Ford announced the province will take over Billy Bishop airport from Toronto's jurisdiction to permit larger jets to land on the island. The airport is currently governed by an agreement between Toronto, Transport Canada, and Toronto Port Authority, with the city owning approximately 20 percent of the land. Ford stated the province will expropriate the city-owned land and compensate Toronto for the airport's value and lost revenue. Legal experts indicate the expropriation process could take up to a year if uncontested, or six months if expedited through provincial powers. Current runway size and noise-reduction standards prevent larger jets from operating at the airport. Ford argues the expansion would generate jobs and economic benefits to the region.
#airport-expropriation #billy-bishop-airport #ontario-provincial-policy #toronto-municipal-government #economic-development
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