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Bombardier secretly courting developers in scheme to turn Downsview plant into a massive housing project

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  • Jan 13th, 2018 5:51 pm
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Bombardier secretly courting developers in scheme to turn Downsview plant into a massive housing project




Bombardier puts Toronto aerospace facility in Downsview up for sale
http://toronto.citynews.ca/2018/01/12/b ... view-sale/
The transportation company says it has put the 152-hectare Downsview location north of the city’s downtown up for sale as part of its financial turnaround plan.

The Montreal-based company (TSX:BBD.B) has been on the site since it purchased de Havilland Canada in 1992 but the airfield was built in 1929 to test de Havilland aircraft.

The land, which has one runway, was used for the papal visits of John Paul II and served as a military base during the Second World War. It is a potentially valuable piece of land near subway stations and Highway 401.

Bombardier owns several hangars where Q400 turboprops and several business jets are assembled by about 3,500 workers.

Spokesman Olivier Marcil said the land is larger than the company needs and no final decision has been made regarding a sale or relocation of its operations. Only 14 hectares of space is regularly used.

Bombardier is about halfway through its five-year turnaround plan that is designed to improve its financial health after nearly going bankrupt over development of its C Series commercial jet. Bombardier has signed a deal to sell a majority stake in the program to Airbus.

Toronto Coun. Maria Augimeri says she will oppose the sale of the prime land near subway stations and the main highway that bisects the city.

Bombardier said it will maintain a presence in the city even if it sells the site. It has talked to Pearson International Airport about relocating to the site.
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Bombardier considering Downsview land sale
Bombardier confirming reports it is considering selling its massive site at Downsview, a deal that could be worth hundreds of millions of dollars for the struggling aerospace giant.

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Aug 22, 2017
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Bombardier can do what it wants with its property
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elcheapoh wrote:
Jan 13th, 2018 12:27 am
Bombardier can do what it wants with its property
Maybe they'll use it repay the taxpayers Face With Tears Of Joy. They can say that their planes are no longer subsidized and shouldn't be subjected to tariffs.
A wise RFD'er once said, "Buy now, think later."
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I don't understand why Downsview isn't re-developed into a Toronto-area commuter airport, and YTZ shut down. That would make the most sense. The land upon which YTZ sits could be developed into condos or whatever, and Porter could run the C-Series out of Downsview.
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Har, Har, Har....what a surprise. Bail them out time and time again, make the family more money, they sell out to Airbus and promise no effect on Canadians, Canadians jobs are protected. Har, Har, Har.
The rest of Bombardier will be pulling out soon as well.
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Disneyland will open up in Downsview.

WOULD SOMEBODY THINK OF THE CHILDREN!!!
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burnt69 wrote:
Jan 13th, 2018 2:28 am
I don't understand why Downsview isn't re-developed into a Toronto-area commuter airport, and YTZ shut down. That would make the most sense. The land upon which YTZ sits could be developed into condos or whatever, and Porter could run the C-Series out of Downsview.
gta could definitely use another airport, it is a pain to get one since no one wants noise in their neighborhood, however this property already functions like an airport so it works out easy, maybe the city can buy it and build into a proper regional airport.
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divx wrote:
Jan 13th, 2018 4:35 pm
gta could definitely use another airport, it is a pain to get one since no one wants noise in their neighborhood, however this property already functions like an airport so it works out easy, maybe the city can buy it and build into a proper regional airport.
Not only that, but the TTC is already there with easy access to downtown on the Yonge line. There's no big problem of having the airport away from public transportation. Its on the 401, so you'd just need a parking garage built. Its basically a dream come true for a secondary regional airport for an outfit like Porter instead of trying to make the Toronto Island work out.

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