Toronto Board of Trade

Toronto Board of Trade

December 07, 2006 10:01 ET

TIME TO END THE ISLAND AIRPORT FEUD

Toronto Board of Trade releases results of six-month study

Attention: Business/Financial Editor, City Editor, News Editor, Government/Political Affairs Editor TORONTO--(CCNMatthews - Dec. 7, 2006) - The Toronto Board of Trade today released the results of a six-month study of the Toronto City Centre Airport, calling on the City and the Toronto Port Authority to settle their long-running dispute and start working together.

"Both sides have made legitimate points, but this ongoing feud is simply hurting both parties," says Board of Trade Chair Becky McKinnon, "The reality is that the 'island airport' is here to stay, but it needs to fit in better with the city. A little bit of compromise from both directions would go a long way to avoid more wasted time and money."

The Board's report, based on wide-ranging consultations and study, concludes that the Airport contributes to Toronto's economic development as well as medical and security operations. All governments should include a viable Toronto City Centre Airport as part of Toronto's economic development strategy and safeguard its use as part of the city's regional network of airports.

However, the Board also calls for action to address the City government's legitimate concerns:

· Immediately negotiating and settling the issue of monies owed to the City
· Ending to all government subsidies of commercial operations at the Airport
· Requiring the Toronto Port Authority to always maintain a full slate of directors, with one-third of them being active members appointed by the City of Toronto
· Basing Airport operations on the existing agreement between the City, the Port Authority and the federal government
· Clearly identifying who owns and is responsible for mainland transportation and parking

The complete report is available on the Board of Trade's website at www.bot.com by following the 'Policy and Advocacy' link.

The Toronto Board of Trade is the champion of a competitive and vibrant Toronto with a mandate to serve, represent and unite the city's business community. Founded in 1845, Canada's largest chamber of commerce operates at five locations across Toronto. Further information about Board events, policies, advocacy and products is available on its website at www.bot.com. Commentary from Board executives can be found on the Board Blog at www.bot.com/blog.
/For further information: www.bot.com/media/ IN: ECONOMY, FINANCE, POLITICS

Contact Information

  • Glen Stone, Public Affairs Manager, Toronto Board of Trade
    Primary Phone: 416-862-4565
    E-mail: gstone@bot.com