Town Moves Forward With Sale of Regional Airport
An exciting opportunity for the Airport to grow and flourish
At the Thursday, February 28, 2019 Council Meeting, Town of Collingwood Council approved the execution of a Revival and Amending Agreement to the original Purchase and Sale Agreement entered into on July 31, 2018 between the Town of Collingwood and Winterland Developments Ltd. This agreement concludes the due diligence period with the sale scheduled to close the end of March.
After an extensive Request For Offers process in early 2018, Winterland Developments Ltd. was named the successful bidder and demonstrated the ability to implement the needed investments into the airport for it to grow to a level that could never be reached under the ownership of a municipal government.
The Town of Collingwood is excited about the future of the airport and sees the sale of the Collingwood Regional Airport to Winterland Developments Ltd. as an opportunity for the airport, and regional business community, to grow and flourish.