Toronto’s privately owned Buttonville Municipal Airport has received another stay of execution, with the announcement that it will remain open until at least spring 2023. In 2011, real estate companies Cadillac Fairview and Armadale Co. Ltd, which own the 170-acre plot the airport sits on, submitted an application to redevelop the property as a mixed-use residential and commercial site, and announced the general aviation airport would close in fall 2016.
That date has been postponed twice, and now companies have agreed to extend the timeline for airport operations for another five years, due to significant delays in reaching an appropriate rezoning. According to a release put out by the property owners, the outlook for extensions beyond that date will be dictated by progress on rezoning approvals. The airport, which has been in operation since 1963, has a 3,900-foot main runway and is served by a Million Air FBO.