Sept. 5, 2014 - The Lake Simcoe Regional Airport Inc. has a new co-owner — Simcoe County — and is looking for economic opportunities. The agreement was recognized with an official signing event at the airport with County of Simcoe Warden Cal Patterson, City of Barrie Mayor Jeff Lehman and Township of Oro-Medonte Mayor Harry Hughes.
The agreement now makes the County of Simcoe a 20-percent equity owner, the City of Barrie a 60-percent equity owner and the Township of Oro-Medonte’s equity share remains unchanged at 20 percent.
“The City of Barrie has enjoyed a long-standing collaborative relationship with the County of Simcoe and we look forward to this new partnership,” said Barrie Mayor Jeff Lehman. “The County of Simcoe’s economic development goals align well with both the City’s and the airport’s needs. This is a valuable partnership that will help us grow business at the airport and provide a valuable service and economic engine for our area.”
“Through our economic development strategy County Council has made it a priority to support projects and opportunities that bring national and international business and employment opportunities to our region,” said Warden Cal Patterson. “We look forward to working with the City of Barrie and the Township of Oro-Medonte to enhance airport services and grow our region’s economy.”
“The Lake Simcoe Regional Airport is a vital component of the region’s transportation master plan,” said Township of Oro-Medonte Mayor Harry Hughes. “Having the County on board will provide added expertise to better enable the airport to enhance economic opportunities.”
Throughout 2013, the County engaged in discussions with the City of Barrie and Township of Oro-Medonte regarding co-ownership of the LSRA. The County of Simcoe, including the urban areas of Barrie and Orillia, provides a catchment population of approximately 450,000. The majority of this population is within a 40 minute drive to the LSRA.
The LSRA is one of the newest and most sophisticated regional airports in Canada. Located less than 20 minutes from Barrie, it boasts a 6,001-foot-long lighted runway capable of handling a broad range of aircraft including helicopters and commercial jet aircraft.
Article and photo courtesy of the City of Barrie.