According to the article Porter is increasing the rent at YTZ from 30-300% and what is worse is evicting the two flight schools that rent hangar space on the island. With Buttonville closing this means that there will no longer be a flight school in Toronto which is a real shame. I wonder if ORNGE will also be kicked out?
No monetary figures were provided by Porter, but several tenants contacted by the Toronto Star — all of whom did not want to be identified in case the hike could be renegotiated — said the increase ranged from 30 to 300 per cent. They say the amount could jeopardize business and force them out of the airport.
While Deluce acknowledged that the flight schools “could not be accommodated in their current form,” he said arrangements are still in the process of being made for the schools to either move to another airport or another space, still at Billy Bishop, with a new landlord.
Representatives from both flight schools declined to comment Tuesday.
Deluce said Porter recognizes the price may now be too high for some tenants and is aiming to help some who wish to move with the transition to another airport, naming alternatives in Brampton, Oshawa, Tillsonburg and Barrie.