YVRing
Topic Author
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Bombardier Wants to Sell Downsview Airport Land

Sat Jan 13, 2018 8:33 am

Just an interesting story I came across.

http://www.cbc.ca/news/canada/toronto/b ... -1.4486212

Apparently they are hoping to get about 900million CAD from the sale if the developer can get the rights to put some mixed used buildings. Another story says that they were considering moving to YYZ. I cannot imagine land there is cheap...

I assume Downsview cannot be used for commercial aviation?
 
dr1980
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Re: Bombardier Wants to Sell Downsview Airport Land

Sun Jan 14, 2018 1:32 am

With the right zoning in place that land would be worth a fortune. With the recent opening of the TTC Line 1 extension it’s practically surrounded by subway stations, so that zoning would likely be an easy sell to the city.

The avgeek in me cringes to think of this but the urban planner in me thinks it actually makes a lot of good sense.
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ExMilitaryEng
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Re: Bombardier Wants to Sell Downsview Airport Land

Sun Jan 14, 2018 2:32 am

Elections coming in this year in Ontario. Good timing for BBD to steer the pot.

BBD has said repeatedly it's losing $ with every Q400 sold. Something has to give.

I see a sale of the whole property ($1B?) and BBD leasing back only what it needs, for X many years - BBD only uses 10% of the property.
 
whywhyzee
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Re: Bombardier Wants to Sell Downsview Airport Land

Sun Jan 14, 2018 2:41 am

YVRing wrote:

I assume Downsview cannot be used for commercial aviation?


This would essentially spell the closing of Downsiview. It’s not a practical airport, it is pinned below CYYZ’s approach path, the airspace is a nightmare. Furthermore, it is owned and operated by Bombarider, it’s sale would likely be a part of the sale of the entire facility.
 
Skywatcher
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Re: Bombardier Wants to Sell Downsview Airport Land

Sun Jan 14, 2018 3:25 am

This should have been done years ago. I suspect that the ownership of the land is intertwined with numerous government entities which will likely complicate the process unfortunately. For all the bad press that BBD receives from the Toronto based media (horrible subsidies even though Oshawa/Oakville car industry received 15 billion etc.) it'll be interesting to see what the reaction will be when BBD closes down one of the largest remaining manufacturing facilities in the GTA.
 
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LockheedBBD
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Re: Bombardier Wants to Sell Downsview Airport Land

Sun Jan 14, 2018 8:31 am

Skywatcher wrote:
This should have been done years ago. I suspect that the ownership of the land is intertwined with numerous government entities which will likely complicate the process unfortunately. For all the bad press that BBD receives from the Toronto based media (horrible subsidies even though Oshawa/Oakville car industry received 15 billion etc.) it'll be interesting to see what the reaction will be when BBD closes down one of the largest remaining manufacturing facilities in the GTA.


Bombardier is damned if they do and damned if they don't. If they do/can sell, the politicians will complain about the job losses etc., and money given to Bombardier. If they can't/don't sell, then Bombardier will continue to lose money, continue further into debt and won't be able to pay back loans, thus also resulting in job losses.
 
AvroLanc
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Re: Bombardier Wants to Sell Downsview Airport Land

Sun Jan 14, 2018 9:02 am

I agree with whywhyzee, Downsview is not practical now or in the long run. Keeping the jobs in the GTA is imperative for Provincial and Federal Government as elections loom. Hope they dont move back to Montreal? Hamilton(YHM) would be a good location, lots of land and still close to Toronto for job relocation. Problem being how much cash would be burned in relocating the line? Downsview is prime real estate and should be sold.
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leghorn
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Re: Bombardier Wants to Sell Downsview Airport Land

Sun Jan 14, 2018 11:45 am

Never been in Canada in my life but this picture tells me why it is in the city's interest to redevelop the land. With good transport links to the centre of the city that is grade A prime real estate.
While Bombardier might get another decade out of the Q400 the sales towards the end will trickle off and it seems that building planes is a hit and miss activity where if you are lucky the plane establishes itself in the market.

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Skywatcher
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Re: Bombardier Wants to Sell Downsview Airport Land

Sun Jan 14, 2018 5:12 pm

BBD used to have an airfield at their Cartierville production facility in Montreal. It was sold off I guess around 20 years ago for real estate development. It's now almost full of townhouses/apartment buildings/golf course.
 
sanjet
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Re: Bombardier Wants to Sell Downsview Airport Land

Sun Jan 14, 2018 6:02 pm

There is little public support for further government funding into Bombardier. I think given the real estate prices reaching their peak in Toronto, it is a wise decission to sell the land and get more capital and allocate it appropriately elsewhere.
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leghorn
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Re: Bombardier Wants to Sell Downsview Airport Land

Sun Jan 14, 2018 6:11 pm

just putting a dent in their debt pile would be a start.
 
1900Driver
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Re: Bombardier Wants to Sell Downsview Airport Land

Sun Jan 14, 2018 6:42 pm

ExMilitaryEng wrote:

BBD has said repeatedly it's losing $ with every Q400 sold. Something has to give.

.


Source?
 
leghorn
Posts: 341
Joined: Sun Jan 22, 2017 9:13 am

Re: Bombardier Wants to Sell Downsview Airport Land

Sun Jan 14, 2018 6:50 pm

1900Driver wrote:
ExMilitaryEng wrote:

BBD has said repeatedly it's losing $ with every Q400 sold. Something has to give.

.


Source?

https://www.fliegerfaust.com/bombardier ... 01163.html
q400 project still not sold though.
 
leghorn
Posts: 341
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Re: Bombardier Wants to Sell Downsview Airport Land

Sun Jan 14, 2018 7:32 pm

it is a direct quote.
 
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767333ER
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Re: Bombardier Wants to Sell Downsview Airport Land

Sun Jan 14, 2018 7:32 pm

leghorn wrote:
1900Driver wrote:
ExMilitaryEng wrote:

BBD has said repeatedly it's losing $ with every Q400 sold. Something has to give.

.


Source?

https://www.fliegerfaust.com/bombardier ... 01163.html
q400 project still not sold though.

If the source is wrong about the status of the program and who owns it what’s to say they are right about anything else such as whether they make money off of it or not? I don’t think it’s very reputable to begin with so who knows.
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ExMilitaryEng
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Re: Bombardier Wants to Sell Downsview Airport Land

Sun Jan 14, 2018 10:18 pm

leghorn wrote:
it is a direct quote.

Alain Bellemare has said BBD was losing $ with every Q400 sold. That was also mentionned during labor contract negotiations - after which DHC unions finally agreed to an eventual wing manufacturing outsourcing.

(I never mentioned that the Q400 program was sold - but it might soon)

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