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Originally Posted by Trans Canada
That is very refreshing to hear. Hopefully he can get things done and learn from the mistakes of the Claridge developments.
Does the Canadian Tire Centre not have at least 15 years of life in it? I can't see ownership building a new one before a replacement is truly needed. An arena at Lebreton would certainly be good for the city, and would probably have a positive effect on ticket sales, but to the owners the added revenue would be negligible compared to the costs of construction.
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Most NHL arenas have a 40-50 year lifespan, which would give the Corel Centre 20-30 more years however, the location has always been seen as a stumbling block. Furthermore, considering Melnyk only paid 92 million (now worth 380 million) for the team, the building and everything else related to the Senators, and that within 10-15 years, they're won't be any land left downtown, it wouldn't be all that far fetched to think they could afford to dump CT for a new downtown location sooner rather than later.
Melnyk could easily recuperate the original 92 million investment just by selling the CT and surrounding land.
http://www.forbes.com/teams/ottawa-senators/