Toronto’s waterfront could soon be facing major changes as plans to expand the island airport raise the prospect of more jets and large blast walls by the lake.Premier Doug Ford says the provincial government is prepared to take control of Billy Bishop Toronto City Airport in order to extend its runway and allow jets to operate in and out of the downtown core."We'll be taking over the airport," Ford told reporters at a news conference earlier this month. "We will be compensating the city for it. Not compensating just for the value but also for any lost revenue. I believe they make $5 million a year, we will compensate them for that."The proposal marks a potentially significant shift for the airport, which is currently governed through a tripartite deal between the city, the Toronto Port Authority, and the federal government.On the other hand, Mayor Olivia Chow signalled hesitation about the proposal, particularly when it comes to introducing more jets...