Billy Bishop Toronto City Airport highlights research on planned US CBP pre-clearance facility

Billy Bishop Toronto City Airport released (27-May-2024) research prepared by York Aviation, projecting the following benefits of the US Customs and Border Protection (CBP) pre-clearance facility scheduled to open in 4Q2025:

• A net impact of CAD5.3 billion (USD3.89 billion) in annual GDP;
• CAD215 million (USD157.90 million) in total annual tax revenue, based primarily on direct onsite activities;
• 3680 onsite jobs.

York Aviation also projected more than 10 new routes to the US, with growth in connectivity resulting in approximately 32,000 jobs supported across the wider economy. [more - original PR]