J P Morgan does a bad deal in 2015.
A decade later, their lobbyists have found an audience in our Premier. So aware is he that Toronto residents do not want a dramatically expanded waterfront airport, one that would undo billions of dollars of investment in restoring fragile urban habitats in The Port Lands and erode the walkable, vibrant urban neighbourhoods we have spent decades building, that he has chosen to force through legislation to seize control and override local decision-making.
When is this jig up?
Now that we know, we know.
The root of the Billy Bishop Airport expansion plan is that Nieuport Aviation Infrastructure Partners (aka JP Morgan) wildly overpaid Porter ($750M) in 2015.
Without an expansion, Nieuport likely has no way to recoup its investment.
It's about the $$$$
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