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Press Release

County investment ensures the sky is the limit for the future of Lake Simcoe Regional Airport

 

Midhurst/August 13, 2019 – County Council has approved the execution of agreements with the City of Barrie and Township of Oro-Medonte to purchase additional shares and become the majority owner of the Lake Simcoe Regional Airport (LSRA). Effective January 1, 2020, the County of Simcoe will own a 90-per-cent stake in the Lake Simcoe Regional Airport, which is set to undergo rapid expansion in an effort to boost regional economic development, create jobs and grow commercial, passenger and commuter air traffic.

“Simcoe County is one of the fastest growing regions in Ontario, we're the fourth most popular tourist destination and home to more than 16,000 businesses," said Warden George Cornell. “Our investment in the Lake Simcoe Regional Airport will allow us to capitalize on future opportunities that help drive our economic prosperity, create jobs and enhance transportation options for our residents. Our strong financial position allows the County to make this strategic investment at this time and we thank our partners at Barrie and Oro-Medonte for their commitment to advancing the airport's long-term strategic plan." 

The County of Simcoe has held shares in the LSRA since 2014. On Tuesday, August 13, County Council approved the acquisition of an additional 50 shares from the City of Barrie and 20 shares from the Township of Oro-Medonte, which will see the County of Simcoe become the majority shareholder. The City of Barrie will continue as a key joint owner holding a 10-per-cent stake in the regional airport.

In June 2018, airport shareholders approved a new Strategic Plan for the LSRA, which presented a three-phase plan focussed on developing infrastructure, including a runway expansion from 6,001 to 7,000 ft to allow for greater aviation activities. The County remains committed to the expansion opportunity, which will allow LSRA to become a true regional commercial airport with the infrastructure and capacity to become a centre for corporate aviation and support regional domestic and international markets.

As one of ten commercially significant regional airports selected by the Greater Toronto Airport Authority to form part of the Southern Ontario Airport Network, Lake Simcoe Regional Airport is also well-placed to support economic development needs on a larger scale. The investment in the expansion of Lake Simcoe Regional Airport will allow Simcoe County to help meet forecasted demands in air service across Southern Ontario and thereby increase the competitiveness of our region, province and country.

For more information on economic development efforts by the County of Simcoe is available at simcoe.ca/edo. To download the Lake Simcoe Regional Airport Strategic Plan - April 2018, go to https://simcoe.civicweb.net/document/45119.

County of Simcoe is composed of sixteen member municipalities and provides crucial public services to County residents in addition to providing paramedic and social services to the separated cities of Barrie and Orillia. Visit our website at simcoe.ca.

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CONTACTS

Chris Hedley
Public Relations Consultant
County of Simcoe, Service Simcoe Branch
705-726-9300 ext. 1030
705-715-7654 (mobile)
Chris.Hedley@simcoe.ca

Collin Matanowitsch
Manager, Public Relations
County of Simcoe, Service Simcoe Branch
705-726-9300 ext. 1430
705-734-8386 (mobile)
Collin.Matanowitsch@simcoe.ca