LeBreton Flats 2.0 (RendezVous LeBreton) | Cancelled

[waterloowarrior]

Senators owner Eugene Melnyk suing partner over 'failed' downtown NHL arena bid https://t.co/ogKzauWwtL

[SkeggsEggs]

Lmao, yikes... it keeps getting better!!

[phil235]

Originally Posted by acottawa

We just gave hundreds of millions to the billionaires who own the red blacks...

Not this again. I think it would be news to them that they received hundreds of millions.

I agree that the land should have been made available for free as an in-kind contribution (potentially with some sort of return based on the profitability of the project). The clean-up should be on the public dime, and the public realm amenities as well. Incremental tax financing could be looked at. There in no doubt that this is a public amenity that benefits the city, so the investment is justified. To rely entirely on private parties to create a showcase neighbourhood is not realistic.

My main concern is that Melnyk decides to retrench in Kanata and ride things out, which could lead to the demise of the team. The team will never be more valuable and attractive to buyers than it is right now with these development rights.

[YOWflier]

Originally Posted by waterloowarrior

Senators owner Eugene Melnyk suing partner over 'failed' downtown NHL arena bid https://t.co/ogKzauWwtL

Ahahaha. What a lunatic. Just a little part of me wants him to stick around to see how much more of an imbecile he is.

I bet this was his plan all along.

[roger1818]

Originally Posted by waterloowarrior

Senators owner Eugene Melnyk suing partner over 'failed' downtown NHL arena bid https://t.co/ogKzauWwtL

So it is Trinity Centre that is causing the rift. Not a big surprise.

[Vixx]

It's getting pretty hard to imagine this entire project/development ever seeing the light of day at this point.

[acottawa]

Originally Posted by phil235

Not this again. I think it would be news to them that they received hundreds of millions.

.

At Landsdowne the city paid for 100% of the sports facilities, 50% of the parking, 100% of the amenities and handed over the land for free. I don’t think a package that generous is in order for Lebreton, but the current offer of zero isn’t going to get anything built.

[acottawa]

Originally Posted by roger1818

So it is Trinity Centre that is causing the rift. Not a big surprise.

It does seem like an odd thing to do - enter into a partnership and then initiating a venture in direct competition with the partnership immediately next door.

Although it does seem like a bit of after-the-fact ass covering on Melnyk’s part.

[waterloowarrior]

It wasn't a secret they had big plans for the site. Trinity bought the property in February 2015 and had renders on their site showing two 50 storey and one 40 storey building on the property, with 1,100,000 sf of Office and Residential in the towers and 342,000 sf of Retail. LeBreton Flats proposals were submitted December 2015.


http://forum.skyscraperpage.com/show...=164924&page=9

[ars]

Originally Posted by waterloowarrior

It wasn't a secret they had big plans for the site. Trinity bought the property in February 2015 and had renders on their site showing two 50 storey and one 40 storey building on the property, with 1,100,000 sf of Office and Residential in the towers and 342,000 sf of Retail. LeBreton Flats proposals were submitted December 2015.


http://forum.skyscraperpage.com/show...=164924&page=9

Melnyk is throwing **** at the wall and hoping it sticks.

I think this is essentially his last stand as an owner of the Sens. No one in this city is going to want to work with him on any development. He doesn't have the money and capital to build an arena, by himself, in Ottawa or anywhere else, and the NHL will block any sale that involves a relocation to another city. His only option is to stay in Ottawa, but how long can he keep that up with declining attendance?

Gary Bettman will start getting involved with this debacle soon and I don't think it's going to be pretty for Melnyk.

[J.OT13]

I've defended Melnyk numerous times over the last few years, but this has gone too far. You can't sue your development partner for developing other projects on the side. Trinity wasn't going to pause their operation while LeBreton was under negotiation.

And suing for "failed" joint venture before it has officially failed is even more ludicrous. By doing that, Melnyk is the one who has essentially killed the project, so he should be suing himself.

I'm praying that the NHL steps in and pushes Melnyk out for gross incompetence and self-destruction. Hoping Trinity and the NHL can salvage the project, otherwise we lose LeBreton and the Sens.

That said, it is a little strange that Ruddy, knowing Melnyk's insecurities and impulsive nature, pushed on with 900 Albert and now the Gladstone development. He could have bought the land and put them aside for a few years.

[YOWflier]

Originally Posted by J.OT13

I've defended Melnyk numerous times over the last few years, but this has gone too far. You can't sue your development partner for developing other projects on the side. Trinity wasn't going to pause their operation while LeBreton was under negotiation.

And suing for "failed" joint venture before it has officially failed is even more ludicrous. By doing that, Melnyk is the one who has essentially killed the project, so he should be suing himself.

I'm praying that the NHL steps in and pushes Melnyk out for gross incompetence and self-destruction. Hoping Trinity and the NHL can salvage the project, otherwise we lose LeBreton and the Sens.

That said, it is a little strange that Ruddy, knowing Melnyk's insecurities and impulsive nature, pushed on with 900 Albert and now the Gladstone development. He could have bought the land and put them aside for a few years.

IANAL but that might be the basis for a counter suit.

This sociopath deserves any and all heat that comes his way. Couldn't happen to a worse individual.

[migo]

Originally Posted by waterloowarrior

Senators owner Eugene Melnyk suing partner over 'failed' downtown NHL arena bid https://t.co/ogKzauWwtL

Reminds me of how Jeffrey Loria destroyed the Montreal Expos:

https://bleacherreport.com/articles/...exposnationals

[phil235]

Originally Posted by acottawa

At Landsdowne the city paid for 100% of the sports facilities, 50% of the parking, 100% of the amenities and handed over the land for free.

Yes, that is part of the picture. Even if you ignore the tens of millions of ongoing operational costs and the assumption of risks by the private partners, the City spent a total of $129 million to upgrade a facility that it continues to own. That is hardly giving the private partners "hundreds of millions of dollars".

Lebreton is an entirely different story. Neither the City nor the NCC have any existing facilities there that are costing them money on an ongoing basis.

[phil235]

Originally Posted by waterloowarrior

It wasn't a secret they had big plans for the site. Trinity bought the property in February 2015 and had renders on their site showing two 50 storey and one 40 storey building on the property, with 1,100,000 sf of Office and Residential in the towers and 342,000 sf of Retail. LeBreton Flats proposals were submitted December 2015.


http://forum.skyscraperpage.com/show...=164924&page=9

True. I suspect the lawsuit is a gambit on Melnyk's part to dissolve the partnership and try to strike a deal with Devcore or some other group. It's the only thing that makes sense, as the value of the Sens is linked to the development rights downtown. If he loses those, the value of the team drops dramatically.

[Mr.Flintstone]

Originally Posted by J.OT13

I've defended Melnyk numerous times over the last few years, but this has gone too far. You can't sue your development partner for developing other projects on the side. Trinity wasn't going to pause their operation while LeBreton was under negotiation.

And suing for "failed" joint venture before it has officially failed is even more ludicrous. By doing that, Melnyk is the one who has essentially killed the project, so he should be suing himself.

I'm praying that the NHL steps in and pushes Melnyk out for gross incompetence and self-destruction. Hoping Trinity and the NHL can salvage the project, otherwise we lose LeBreton and the Sens.

That said, it is a little strange that Ruddy, knowing Melnyk's insecurities and impulsive nature, pushed on with 900 Albert and now the Gladstone development. He could have bought the land and put them aside for a few years.

This but also What if it was another developer not part of Lebreton what would he have done ???? Does he think he should be the only developer in that region? Is he mad at windmill and Claridge? SMH I really dislike this guy

[J.OT13]

The NCC has said time and time again that DCDLS is out. I don't think they were particularly impressed with their submission. They just kept them along for the ride initially to be polite.

Here's a quote from an OBJ article today:

"Kristmanson did rule out picking up negotiations with the other bidding consortium, Devcore Canderel DLS."
https://obj.ca/article/melnyks-capit...g-lebreton-bid

[J.OT13]

When did Trinity buy 900 Albert anyway? Based on old posts, it seems they bought the Bayview site only a few months after the LeBreton process was launched. This makes Melnyk's antics even more ridiculous considering 900 Albert was much furher ahead than LeBreton at the time of the partnerships formation.

Feb 2015

Originally Posted by waterloowarrior

This is on Trinity's site - Spring 2018
http://www.trinity-group.com/propert...breton-flats)/

Looks like 3 towers now

Sep 2014

Originally Posted by waterloowarrior

http://www.ncc-ccn.gc.ca/planning/ma...lebreton-flats

Redevelopment of LeBreton Flats
Exceptional Opportunity: Request for Qualifications
The National Capital Commission (NCC), as the steward and planner of Canada’s Capital, is seeking innovative proposals for the largest and most significant urban development site in the Capital.

[acottawa]

Originally Posted by J.OT13

When did Trinity buy 900 Albert anyway? Based on old posts, it seems they bought the Bayview site only a few months after the LeBreton process was launched. This makes Melnyk's antics even more ridiculous considering 900 Albert was much furher ahead than LeBreton at the time of the partnerships formation.

Feb 2015



Sep 2014

The NCC announced the finalists in Feb 2015, including RVL, so the partnership must have existed before that.

[acottawa]

Originally Posted by Mr.Flintstone

This but also What if it was another developer not part of Lebreton what would he have done ???? Does he think he should be the only developer in that region? Is he mad at windmill and Claridge? SMH I really dislike this guy

Claridge and Windmill are not involved in a partnership. Opinions of Melnyk notwithstanding, it is a really weird situation and it puts Trinity in a significant conflict of interest. I don’t understand why there wasn’t some sort of non-compete clause in the partnership from the start.