There have been rumors going around that YKZ is going to close because of the $1.5M from the GTAA each year will stop.
This is the first mainstream media mention about this problem that has surfaced so far. The Toronto Start is reporting that YKZ will have to reduce its operating hours and/or close if the funding is not reinstated.
The airport employs over 300 people. It would be a shame for it to have to close. Personally, I don’t think that will happen.