crs1026
Superstar
In the sense that Ottawa charges GTAA "rent", yes. But how that rent matches financing charges for future capital heeds, plus past capital expenses that are still being amortized, is another question.
- Paul
Toronto Eglinton Line 5 Crosstown West Extension | ?m | ?s | Metrolinx
- Thread starter W. K. Lis
- Start date
In the sense that Ottawa charges GTAA "rent", yes. But how that rent matches financing charges for future capital heeds, plus past capital expenses that are still being amortized, is another question.
- Paul
Jimvee
New Member
Yes, fed/Ontario governments could build it. Feds have generally had a policy of not subsidizing the largest Canadian airports for many decades. Contributing to a terminal would go against that long-term policy. You have likley noticed above that the money flows the other way, from the airport is a source of revenue to the federal government..
Unless you’re in Montreal I guess…
Montreal airport project secures $90-million in federal funding
Unless you’re in Montreal I guess…
Montreal airport project secures $90-million in federal funding
rbt
Senior Member
4613 acres with a value of about $1.5M/acre (industrial/commercial zoning) gives Pearson a vacant land value of about $6.9B. Not all of that is actually usable due to wetlands plus roadway allowances if built out so lets say $5B. At $170M/year for the lease that gives them a cap rate of 3.4% which is inline with expectations for commercial property (3% to 3.5%).
So, from an investment point of view of direct revenue only it's good but not exceptionally good. It's in-line with what a private land owner would expect to receive.
Of course, indirect revenue through taxes on GDP growth enabled by Pearson existing are considerable.
rbt
Senior Member
That's an interest bearing loan.
Space Gary
New Member
Managed to catch the LR 1600 crane hoisting the bottom half of the TBM shield out of the shaft this afternoon, unreal to watch!
fanoftoronto
Active Member
Next update open house is scheduled for 13th July:
Open House
Looks to be explaining the end of tunneling.
Open House
Looks to be explaining the end of tunneling.