Located on the Toronto Islands, Billy Bishop Toronto City Airport (BBTCA) is operated by the Toronto Port Authority (operating as PortsToronto), which is an arm’s length federal entity established through the Canada Marine Act. BBTCA is located on land that is owned by Ports Toronto (approximately 78 per cent), Transport Canada (approximately 2 per cent) and the City of Toronto (approximately 20 per cent).
The land is governed under a Tripartite Agreement signed by the three landowners. The Agreement is a 50-year lease signed on June 30, 1983.