Buttonville Airport . . . CYKZ

[MarkhamResident]

[2775PSI]

Does the airport owner own the surrounding farm fields? Otherwise, there's no way Markham airport property is larger than Buttonville's.

Have a look..

http://maps.google.ca/maps?q=Airport&hl ... wQpQY&sa=X

[bizjets101]

From what I've read, there is over 600 acres available, and larger than Buttonville.

The Thomson family own most of the Airport land, and North of the Airport where you see all the gravel.

The East side of the airport, including part of the current runway, is part of the nearly 19,000 acres the Trudeau Government expropriated in 1972 to build Pickering Airport.

So if they ever built Pickering, then Markham would close to fixed wing, however - considering they just spent 6 Billion on upgrades at YYZ, and it is supposed to last until 2050 - the new Markham Airport will survive my lifetime anyway.

Plus it's only 3 miles from Buttonville.

Here are the Sifton's from 'The Archivist' - Library and Archives of Canada,

http://www.lac-bac.gc.ca/publications/a ... 190-e.html

[MarkhamResident]

[linecrew]

Better start making arrangements to move soon before all the spots are gone at the last minute / year and you're forced to move to Oshawa.

I don't think that Oshawa is a good alternative for all applications. Last time I looked at their CFS entry under procedures it said no training flights are permitted at any time. Not sure what that's all about but the little voice in the back of my mind tells me to stay away.

[Johnny]

Oct 26, 2010 16:00 ET
Armadale Co. Limited and The Cadillac Fairview Corporation Limited Announce Joint Venture for the Development of 170 Acre Buttonville Airport Site
TORONTO, ONTARIO--(Marketwire - Oct. 26, 2010) -

Attention: Business/Real Estate Editors/Reporters

Armadale Co. Limited ("Armadale") and The Cadillac Fairview Corporation Limited ("Cadillac Fairview") are pleased to announce the formation of a joint venture for the development of the lands bounded by 16th Avenue to the north, Highway 404 to the west, Renfrew Drive to the east and Valleywood Drive to the south, in Markham, Ontario. The site, totaling 170 acres, is one of the most significant contiguous tracts of developable land in the GTA. The site is currently home to the Toronto Buttonville Municipal Airport, a privately owned federally regulated airport operated by Toronto Airways Limited ("TAL"), a wholly owned subsidiary of Armadale Co. Limited. Closure of the airport has been previously announced in anticipation of the redevelopment of the airport lands.

Brookfield Financial acted as advisors to Armadale during the transaction.

"This site represents an excellent opportunity to create a world-class development and we look forward to working with the planning authorities on this exciting project," stated John Sullivan, Executive Vice President, Development of Cadillac Fairview. "The site's scale and location and the move to mixed-use and higher density in accordance with sustainable planning principles should allow us to attract significant employment uses to the site through the creation of a vibrant 24 hour mixed-use community," adds Sullivan.

"Armadale is delighted to have formed this joint venture," stated Clifford Sifton, President of Armadale. "With Cadillac Fairview as both our partner and master developer we are confident that we can realize our vision for the development of this legacy property into a truly world-class development. With the expectation that our airport operations at Toronto Buttonville Municipal Airport will come to an end in several years, we look forward to actively pursuing relocation plans for our aviation businesses in conjunction with the relevant stakeholders."

"Brookfield Financial is very pleased to have been a part of the formation of this joint venture," said Greg Kalil, Managing Partner of Brookfield Financial. "The property represents an excellent development opportunity and we are confident that Armadale and Cadillac Fairview will develop a project that both organizations will be proud of."

About Cadillac Fairview

The Cadillac Fairview Corporation Limited is one of North America's largest investors, owners and managers of commercial real estate. For more than 50 years Cadillac Fairview has been leading the way in commercial real estate with innovative design, development and management.

Cadillac Fairview focuses on developing and managing high quality office properties and regional shopping centres in Canada and the United States, as well as international investments in real estate companies and investment funds. With a portfolio valued at more than $17 billion and nearly 50 million square feet of leasable space, Cadillac Fairview and its affiliates own and manage 86 properties across North America, including some of Canada's landmark developments, such as Toronto-Dominion Centre, Toronto Eaton Centre, Pacific Centre and Chinook Centre.

Cadillac Fairview is wholly-owned by the Ontario Teachers' Pension Plan, which invests to secure the retirement income of 289,000 active and retired teachers in Ontario.

About Armadale

Armadale is a private Canadian corporation owned by the Sifton family and headquartered in Markham, Ontario.

The Armadale group of companies is involved in a diverse range of businesses which include business consulting, automobile retailing, property development, operations and management and airport operations and management.

About Brookfield Financial

Brookfield Financial is an investment bank that provides strategic and financial advisory services, debt and equity arrangement, M&A advisory and investment brokerage services for property, power and infrastructure businesses.

Brookfield Financial serves private, corporate, institutional and government clients on both local market and international transactions through its offices located in North and South America, Europe and Australia.


For more information, please contact

The Cadillac Fairview Corporation Limited
Heath Applebaum
Manager, Corporate Communications & Media Relations
416-598-8645
Heath.Applebaum@cadillacfairview.com



http://www.marketwire.com/press-release ... 341703.htm

[bizjets101]

The fat lady just sang.

[Canoehead]

The Buttonville Mall.

[2775PSI]

What are the odds of the relocation site being Pickering?

[Heliian]

I'm not sure about Pickering site now, last time I was through there, they were getting a lot of protest from locals and one person described the site as the next Mirabel. I think that downsview would be a good option as there is lots of space there and it's closer. Eventually everything will be swallowed by the giant subdivision that is the GTA. Next on the list, Brampton. I wonder what the buttonville airport opposers that live there will complain about next? Personally, I gave up on the big smoke years ago.

Q: What's the best thing to come out of Toronto?

A: The 401 or the 400!


Don't forget to tip your waitresses.

[2775PSI]

I think that downsview would be a good option as there is lots of space there and it's closer.

Closer to YYZ...that's the problem. Can't see that ever happening.

[robbreid]

Downsview is leased by the Federal Govt in a sweetheart deal to Bombardier for the next couple of decades.

Pickering will not be built in my lifetime, GTAA has pumped billions of dollars into Pearson to ensure it's operation for the next 4 decades.

Only option is Markham Airport which is 7 miles NE of Buttonville and reportedly has 600 acres available for airport development.

According to press research, it is owned by numbered companies that have a mailing address conected to Canada's richest family the Thomson's.

According to research in the area, the Markham land on the East is actually a part of the landed appropriated for Pickering, and has enough land for two 7,000 - 8,000 foot runways.

However if they don't start TODAY, the next four years will fly by, and the last plane will have to depart Buttonville.

Hopefully the new airport won't include Druxy's or the Siftons!!!

How about Tim Horten's and Magna's Stronach, not to mention Flight Exec seems to have some partners recently with extremely deep pockets!!!

[RatherBeFlying]

King City, Maple, now Buttonville.

Maybe GTAA could buy the Markham Airport lands and do a proper job. If a private developer handles Markham, we'll just be seeing a repeat in a couple decades.

Time to get a hangar at Barrie Regional

[V1 Rotate]

What utter bullshit.

Really hope Markham expands, or you know YTZ!

[bizjets101]

Well the first politician to support expropriating the Siftons land - I'm in!!!!

http://www.armadale.on.ca/about.php Look at me, I'm a developer!!!!!

sickening. Guess the employees at YKZ being Canadians will buy all the Sifton's BS,
and it'll be good times right up until their tossed out of their jobs.

Spoiled siblings that never had to work a day in their life, just show up for 'work' at business provided to them from their parents - in Senior positions. The best idea they can come with is to dissolve the airport.

Thankless, and greedy.

I admire Heather for holding on for so long, but not for giving up.

[Mad Hatter]

It is fine that these people want to sell their land. They are a glorified gas station that has scared off most customers through their old money thought process and policies.

The thing is that they are lying to their staffers and their customers saying that they are going to build Pickering or expand to Oshawa. A bunch of BS. They dont want their tenants and employees to leave until it suits them best.

If you still work there. Get the hell out of there. Find something else to do before they pull the plug on you under the guise that they are moving to another location to continue operations.

[RatherBeFlying]

Some years ago, the Sifton's had announced they wanted to sell as the airport was not making money and Markham Council was making noises about buying them out, but had other priorities for the money.

Expropriation is of course always possible, but now that Cadillac Fairview has come in with a development plan (or is about to), the price tag is a few multiples higher as even with expropriation, market value has to be paid.

[industrypolice]

Although I'm very sad to hear that Buttonville will be blown up because losing airports and places to fly is never a good thing, but years of piss poor management, subpar aviation schools that have incomptent flight instructors whos sole purpose was to suck as much as they could out of students, a supervisor with 0 people skills and a CFI who has 0 courtesy..what goes around comes around. You treat people the way you want to be treated and hopefully this will instill some professionalism in this industry. Well the only thing I can gaurantee is mac and cheese and maybe a FO position, and I will at least have the courtesy to return your email or phone you back without judging you based on how many instructors you will potentially feed, but wait you'll have Toronto Airways on your resume so nevermind.

[dcabrown]

Although I'm very sad to hear that Buttonville will be blown up because losing airports and places to fly is never a good thing, but years of piss poor management, subpar aviation schools that have incomptent flight instructors whos sole purpose was to suck as much as they could out of students, a supervisor with 0 people skills and a CFI who has 0 courtesy..what goes around comes around. You treat people the way you want to be treated and hopefully this will instill some professionalism in this industry. Well the only thing I can gaurantee is mac and cheese and maybe a FO position, and I will at least have the courtesy to return your email or phone you back without judging you based on how many instructors you will potentially feed, but wait you'll have Toronto Airways on your resume so nevermind.

Thanks for the op-ed.

Now go F yourself.

[dcabrown]

Although I'm very sad to hear that Buttonville will be blown up because losing airports and places to fly is never a good thing, but years of piss poor management, subpar aviation schools that have incomptent flight instructors whos sole purpose was to suck as much as they could out of students, a supervisor with 0 people skills and a CFI who has 0 courtesy..what goes around comes around. You treat people the way you want to be treated and hopefully this will instill some professionalism in this industry. Well the only thing I can gaurantee is mac and cheese and maybe a FO position, and I will at least have the courtesy to return your email or phone you back without judging you based on how many instructors you will potentially feed, but wait you'll have Toronto Airways on your resume so nevermind.

The closure of the airport had nothing to do with the people who work there, or the management of the airport. It had to do with money, period. For land thats worth well into the 10's of millions of dollars, running an airport that probably barely breaks even is a very poor return on your assets from a purely financial standpoint. I love aviation as much as the next person and wish the airport would stay as I think it's an amazing facility and the people are great. But the closure has to do with money and the Sifton's wanting to cash out and ride off into the sunset with some serious coin. The fact that you would think the closure is due to poor management or poor instructors/lousy service is laughable.

Take a real estate course, finance course and finally remove your head from your a$$. Maybe then you'll get it.

Love,
D

[neophyte]

A little far away but don't forget YOO. It has the facilities to accomodate most of the traffic that comes/used to come to YKZ. Mind you the drive would suck from Markham.

Best of luck to all.

[ahramin]

If I understand this correctly, Buttonville airport (specifically the land it's on) is owned by a private entity and they are now deciding to use the land for something else? Can't see anything wrong with that but how did they get this land in the first place?

[Vnwheeee!]

industrypolice;

There surely is some truth to what you say, TA is not perfect, but something does not ring true.

Do you really expect us to believe that a homogenous group of incompetent flight instructors is possible in any FTU? Or perfect ones, for that matter? Highly unlikely. A quick scan of your posts, shows that they are largely comprised of your bitching about Flight Instructors, with the occasional kick at Regional Airline Pilots. Your starting to sound alot like the type of student pilot who throws a fit and acuses your instructors of "sucking everything they can" out of you when their assessment of your skills does not match your opinion of yourself, despite your having spent what you feel is the requisite amount of money for your reccommend, rating, checkout, or what have you. Betcha don't like paying for briefings either, but like to slag instructors for working for nothing all the same.

Your last sentence, while being possibly one of the most poorly written on this site, seems to imply that you are in some sort of position to hire pilots. I don't believe it for one second. You didn't make it, and you're bitter.

[dune]

The service at Million Air is incredible.

[Brown Bear]

General Aviation in southern Ontario is pretty much PHUQUED!