The federal gove
rnment will receive $300 million less in revenue over 20 years as a result o
f the devolution of Pearson airport to the GTAA and, in addition, the federal gove
rnment will incur a cost of $60 million for the out-of-court settlement to the Pearson Airport Development Corporation, and $185 million granted to the GTAA in rent relief. The direct c
ost to the ...[+++] Canadian taxpayer of the federal government's decision to cancel the Pearson Airport Agreements and to devolve the Pearson airport to the GTAA is $873 million over 20 years.