Airports
Report: Toronto Downtown Airport an ‘Economic Asset’
A report notes that Toronto's Billy Bishop airport is a magnet for business aircraft and generates about $3 billion in economic impact per year.
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Billy Bishop Toronto City Airport, a 10-minute drive from downtown, “has become a unique and powerful economic asset for greater Toronto,” according to a report published by PortsToronto and authored by University of Toronto professor Dr. Richard Florida. “Its role has become even more important to the ongoing recovery of the city…in the wake of the Covid-19 pandemic,” the report notes.

The report says the 83-year-old airport is projected to have added about $3 billion to Toronto’s economy in 2022, up from $2.1 billion in 2019. That amount is expected to grow to nearly $4.8 billion by 2025.

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