Town of Collingwood moving forward with sale of regional airport

The town of Collingwood is moving forward with plans to sell the regional airport.

At a special meeting on Thursday, Collingwood council members approved the execution of a revival and amending agreement to an original purchase and sale agreement to sell the Collingwood Regional Airport to Winterland Developments Ltd.

The town originally entered into the sale agreement with Winterland Developments Ltd., back on July 31, 2018. However, the deadline passed before the deal was finalized.

According to a news release issued by the town, Winterland Developments Ltd., was named the successful bidder in early 2018.

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“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 release reads.

The town says this agreement concludes the due diligence period, and the sale is scheduled to close at the end of March.