Annual Report 2017 Investing Today for Tomorrow AVAILABLE IN THESE FORMATS PRINT WEBSITE MOBILE © Toronto Port Authority 2018. All rights reserved. To obtain additional copies of this report please contact: 60 Harbour Street, Toronto, ON M5J 1B7 Canada PortsToronto The Toronto Port Authority, doing business as Communications and Public Affairs Department PortsToronto since January 2015, is a government 60 Harbour Street business enterprise operating pursuant to the Toronto, Ontario, M5J 1B7 Canada Marine Act and Letters Patent issued by Canada the federal Minister of Transport. The Toronto Port Phone: 416 863 2075 Authority is hereafter referred to as PortsToronto. E-mail:
[email protected] 2 PortsToronto | Annual Report 2017 Table of Contents About PortsToronto 4 Mission and Vision 5 Message from the Chair 6 Message from the Chief Executive Officer 8 Corporate Governance 12 Business Overview Billy Bishop Toronto City Airport 14 Port of Toronto 18 Outer Harbour Marina 22 Real Estate and Property Holdings 24 Four Pillars 26 City Building 27 Community Engagement 30 Environmental Stewardship 40 Financial Sustainability 44 Statement of Revenue and Expenses 45 Celebrating 225 years of port activity 46 About PortsToronto The Toronto Port Authority, doing business as and hereinafter referred to as PortsToronto, is a federal government business enterprise that owns and operates Billy Bishop Toronto City Airport, Marine Terminal 52 within the Port of Toronto, the Outer Harbour Marina and various properties along Toronto’s waterfront. Responsible for the safety and efficiency of marine navigation in the Toronto Harbour, PortsToronto also exercises regulatory control and public works services for the area, works with partner organizations to keep the Toronto Harbour clean, issues permits to recreational boaters and co-manages the Leslie Street Spit site with partner agency the Toronto and Region Conservation Authority on behalf of the provincial Ministry of Natural Resources and Forestry.