Estimated reading time 2 minutes, 39 seconds.
The Town of Collingwood is soliciting offers to purchase or lease the Collingwood Regional Airport.
The Town’s objectives in issuing the Request for Offers (RFO) are to realize value in both:
- Sale or lease payments for the airport; and
- The long-term commercial viability of the airport as a regional economic driver.
Southern Ontario is seen as a premier location for aviation business and investment.
The Toronto Pearson International Airport master plan notes, “the region’s continued growth … is reflected in steadily rising demand for air transportation services.”
The plan recognizes the importance of the network of secondary airports in the region in supporting their immediate communities by amplifying local strengths and capabilities in chartered passenger services, air cargo, airport-based businesses that support industry operations, and general aviation (including flight training, corporate aircraft, medevac flights, etc.).
Given its proximity to the Greater Toronto Area, opportunities exist for investors interested in personal, corporate, recreational or industrial uses for Collingwood Regional Airport that have not currently been explored by the town.
The region surrounding the airport is well-positioned for economic expansion, and a regional aviation facility would contribute to this growth.
In addition to their own development plans, the purchaser/lessee of the airport will enjoy the prospect of working alongside the well-established Genesis Flight Centre and proposed Clearview Aviation Business Park that was recently granted approval by the Township of Clearview (both adjacent to the airport).
Interested parties should also be aware of the town’s desire that the purchaser/lessee commit to continuing operations as a publicly accessible facility for general aviation purposes.
The deadline to submit purchase or lease offers for the airport is June 15, 2018.
Interested parties can find the RFO online here.
Ernst & Young Orenda Corporate Finance Inc. is the town’s advisor for the planned transaction and will act as the RFO contact.
All questions should be directed to:
Damian Joy
Ernst & Young Orenda Corporate Finance Inc.
EY Tower, 100 Adelaide Street West, P.O. Box 1,
Toronto, Ont.,
M5H 0B3
