Berlin Brandenburg Airport surrounding the three existing airports — Tegel, Schönefeld and Tempelhof. Therefore, it was mandatory for Tegel and Schönefeld to close (Tempelhof was already decommissioned in 2008) once Berlin's air traffic is concentrated at the new airport. By 2009 the construction cost was budgeted at €2.83 billion. FBB raised the financing for the project by a credit raising of €2.4 billion, a bank deposit of €430 million by the FBB partners and an additional €440 million of equity capital provided by FBB. During construction, it became clear that the airport would become significantly more expensive due to underestimating the actual costs,
Billy Bishop Toronto City Airport time, the island airport site was to become the site of the "Harbor City" residential development, although a replacement for the island airport had not been agreed upon. A 1969 proposal to build a new airport by the new headland was met with opposition from local residents and Toronto City Councillors and was dropped. With plans uncertain, the Government of Canada requested that the Harbour Commission continue to operate the airport as is in the interim. In 1972, the "Harbor City" project died when the governments of Canada and Ontario proposed to build a new major airport in Pickering, Ontario.