A deal has been signed and sealed, with the County of Simcoe scooping up a majority share in the regional airstrip.
Simcoe County Council today approved the purchase of Lake Simcoe Regional Airport shares from both the City of Barrie, and the Township of Oro Medonte. Effective Januaryt 1st, the County will hold 90 per cent of the Lake Simcoe Regional Airport (LSRA), while Barrie will hold ten. Oro Medonte has sold off all its interest in the airport.
“Securing an ownership and associated funding model to accelerate key infrastructure improvements required at the Lake Simcoe Regional Airport sends a strong and clear message to investors that the City of Barrie and County of Simcoe are committed to developing high quality employment opportunities at the LSRA,” said Mayor Jeff Lehman. “Transitioning ownership allows for the County and City to strengthen the position of the Lake Simcoe Regional Airport as a regional transportation asset and poises the airport to deliver on its strategic plan that requires significant investment in infrastructure.”
In June of 2018, a new Strategic Plan was struck for the LSRA that called for heavy development of infrastructure there, over three phases. It includes expanding a runway by a thousand feet to 7,000.
“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.”