Canadian developer aims to preserve airport’s features, including hangars and a runway, to draw residents and businesses to the neighborhood
A planned community for about 55,000 residents in Toronto will include the usual playgrounds, bike paths and shops. It will also feature 11 airplane hangars and more than a mile of airport runway.
That is because the 30 billion Canadian dollar, equivalent to about $22 billion, development will be located at the city’s former Downsview Airport.
Airports have been repurposed as communities and parks before, but developers typically raze the original infrastructure and start from scratch. In this case, Northcrest Developments is betting that by preserving the airport’s main features it can enhance the community’s allure.
City subsidized Slum in 5 years time is my bet.
