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Ontario will expropriate Toronto’s 20% stake in Billy Bishop Airport, designating it a special economic zone to accelerate expansion with federal support, officials said.
- On Monday, Premier Doug Ford announced the province will expropriate Toronto's 20 per cent stake in Billy Bishop Airport to create a 'special economic zone' bypassing municipal regulations for larger jet traffic.
- Currently, the airport operates under a tripartite agreement between the city, the federal government, and Toronto Port Authority; Ford claims this takeover will reduce pressure on Pearson International Airport and boost economic growth.
- Councillors voted Wednesday to formally oppose the unilateral expropriation, requesting that Ottawa and the province include city representatives in waterfront decisions, while Mayor Olivia Chow called the plan 'unacceptable' without transparency.
- Expanding the runway to accommodate jets could impact planned residential developments in the Port Lands, where towers are slated to reach 46 storeys, and Provincial Transportation Minister Prabmeet Sarkaria said expansion planning will begin shortly.
- City officials are seeking legal options to defend local interests, and the city solicitor will report back on potential defenses when council meets in April, while Ford promised 'fair' compensation plus roughly $5 million in annual fees.
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Toronto is exploring legal options to counter a possible provincial takeover of downtown Billy Bishop Airport.
·Montreal, Canada
Read Full ArticleToronto city council looking at legal options to stop Ford takeover of Billy Bishop
As Premier Doug Ford plans to take over Toronto's stake in the island airport, councillors are looking at legal options to defend city-owned land at Billy Bishop and along the waterfront. Council voted Wednesday to formally oppose any unilateral expropriation of city land by the provincial or federal governments.
·Canada
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Total News Sources9
Leaning Left7Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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