Quote:
Originally Posted by J.OT13
No no no 
Ottawa's arena will be 100% funded by the private sector. They (the City and the Sens) have said this time and time again. The Sens owner even confirmed it again few weeks ago.
The National Capital Commission held a competition to see who is worthy to buy the contaminated former industrial land downtown named LeBreton Flats and redevelop. The deal is the Sens consortium (RVL) will buy the land for market value (probably hundreds of millions) and the NCC will deduct the price of cleanup (tens of millions) since they were the ones who expropriated then sat on it for 50+ years. The alternative would have been the City contributing through existent programs and tax breaks to help cleanup the contaminated site.
RVL will not be asking any public money whatsoever. Not even to cover the O-Train Line. The only thing the City will be paying for are roads, sewer lines and parks, as they would for any other development downtown or in the suburbs.
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Sorry, I'm not buying it.
I don't feel like Any Canadian teams will be privately funding an Arena after seeing Edmonton and QC build arenas with significant public dollars. Let alone Eugene Menelik of all Canadian Team owners
