November 3, 2021
Owen Sound Council approves sale of CYOS
Owen Sound Council on November 1, 2021, voted to authorize the City’s Mayor and Staff to complete the sale of Billy Bishop Regional Airport to Clayton Smith, an aviation enthusiast with a proven track record in the operation of small airports.
After much research and public consultation, the sale price of Billy Bishop Regional Airport, CYOS, is $1.5 million and the transaction is scheduled to close on December 10, 2021. Owen Sound Council also notes, as a result of the sale, its savings in operating costs per year are $250,000.
Under the leadership of Smith, Owen Sound Council explains the airport’s operations will continue, including the use of the facility by patient transfer services such as ORNGE.
Owen Sound Council explains the airport requires some capital improvements that will be undertaken by the new owner.