Well… looks like this is the final nail in the coffin for the Buttonville Airport.
Armadale Co. Limited and The Cadillac Fairview Corporation Limited have announced that they will be closing the airport and redeveloping the lands.
Looks like the Siftons will remain part of this re-development as they own Armadale Co. and are using Cadillac Fairview to help develop the lands into mix-use.
The full press release can be found on the Cadillac Fairview website.
It will be interesting to see what the next few years holds for Toronto Airways. Will they move to Markham airport? Or will the Siftons just shut ‘er down? What about all the pilots who have aircraft at YKZ?
(thanks @Rammsies for the tip!)