Peterborough Airport is an aviation industrial park, a service to area businesses, a community gateway for the public, tourism, business and general aviation.

Highlights

The Peterborough Airport is a very active industrial park, containing 23 businesses and educational institutions employing over 500 full time, plus seasonal employees. Seneca College School of Aviation and Flight Technology is located at the Airport with 150 to 200 students. Aircraft movements are approximately 50,000 per year.

Loomex Property Management has completed seven of eleven years of their Airport Management and Operations contract. The contract guarantees firm pricing and places the burden of supplying, maintaining and replacing equipment on the contractor within the contract amount. This ensures predictability in operating expenses for the next four years. The management structure includes an Airport Administrator position one full-time-equivalent position and a half full-time-equivalent administrative assistant position at the Airport.

The 2020 operating budget reflects increase in day-to-day costs due to property taxes. The increase of $85,000 in property taxes paid to Cavan Monaghan Township is recovered from tenants. The overall net requirement is less due to reduced personnel costs and marketing costs; and increased lease revenue. Revenue projections for 2020 have been adjusted to reflect new builds increasing revenues for leases, servicing, and property taxes.

Work plan

LPS Consulting completed a Business Plan and a draft Master Plan in 2009. WSP completed the Strategic Development Plan in 2017, building on the previous plans including new business opportunities and land use planning. The Strategic Development Plan was adopted by Council  on February 5, 2017. The Strategic Development Plan will be used to guide development and business attraction.

In 2020, the focus will continue to be on marketing the airport facility for industrial/commercial uses, private hangars and charter and scheduled flights. Airport staff will be working as a member of the Southern Ontario Airport Network, a joint effort to capture the projected growth of aviation business in Southern Ontario.

In 2020, LED lighting upgrades will occur paid by 10% of the net revenue from the 2019 Air Show.

Excess development review fees are transferred to a reserve to be used for future airport development related expenditures.

An annual contribution to the Airport Development Debt Servicing Reserve of $1.175 million is necessary to fund the City's share of the Airport Expansion Capital Project. The dedicated Pavement Reserve contribution of $50,000 will continue, to maintain the asphalt surfaces.