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The Cadillac Fairview Corporation Limited (CF), Armadale Co. Limited (Armadale) and Toronto Airways Inc. has announced that the Toronto Buttonville Municipal Airport (Buttonville Airport) will continue in operation until at least fall 2016.
CF and Armadale, owners of the lands at Buttonville Airport, submitted an application to amend the Markham Official Plan in the fall of 2011. The application plans for the area becoming a world-class employment district and vibrant, mixed-use lifestyle destination that puts people at the forefront of urban planning. On May 2, 2013 Markham City Council approved in principle, the vision and master plan for the Buttonville Airport Development Area. Further approvals are required from the Region of York.
The application is currently before the Ontario Municipal Board. CF Armadale and Toronto Airways have extended the timeline for airport operations to continue until at least fall 2016. The outlook for extensions beyond this date will be dictated by progress on approvals.
