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  #2101  
Old Posted May 21, 2018, 12:14 PM
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Sorry don't recall the figure!
Worth a try
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  #2102  
Old Posted Jun 16, 2018, 2:15 PM
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For those who still have doubts about covering the Confederation through LeBreton Flats, Vancouver is another example of such a project. The downtown portion of the Skatrain, from a little past Burrard Station (at Portal Park) to Waterfront Station was above ground, as you can see in this video (32:00 to 36:20). That represents about 500 meters. I don't know the whole history or cost, but based on what I've seen, it seems private developers built on the north side, and the City might have used their parking garages as support for a new road over the rail line.

https://www.youtube.com/watch?v=8W96r-6yVIc
https://www.google.ca/maps/place/Van...207375!5m1!1e2
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  #2103  
Old Posted Jun 22, 2018, 11:44 AM
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NCC looks at separating cyclists and pedestrians on more pathways

Jon Willing, Ottawa Citizen
Updated: June 21, 2018



<snip>


Planning on the LeBreton Flats redevelopment chugs along

The NCC didn’t have a major update on the LeBreton Flats redevelopment. Kristmanson said the NCC and the RendezVous LeBreton Group hope to have a master development agreement done by mid-2019.

RendezVous has been working on environmental studies and talking with the City of Ottawa about planning requirements, Kristmanson said.

The NCC has been meeting with Algonquin community leaders about the redevelopment, he said.

The Ottawa Senators and Trinity Developments are the major partners in RendezVous, whose vision includes an 18,000-seat arena surrounded by a new mixed-use community.

There’s still no word on what would happen with the Canadian Tire Centre in Kanata.

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http://ottawacitizen.com/news/local-...-more-pathways
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  #2104  
Old Posted Aug 12, 2018, 2:26 AM
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Positive vibes come out of Mayor Watson's meeting with Melnyk and Ruddy

Jon Willing, Ottawa Citizen
Updated: August 10, 2018


Mayor Jim Watson on Friday stood outside his office shoulder-to-shoulder with the bigwigs of the RendezVous LeBreton Group to spread positive vibes about the LeBreton Flats redevelopment.

Ottawa Senators owner Eugene Melnyk and Trinity executive chair John Ruddy were at city hall discussing the massive project, and while they wouldn’t share their conversations about finances in the 90-minute meeting, the hockey tycoon assured reporters that he has the dough to follow through with RendezVous’ vision.

“We are fully capable of funding our portion of what we need to accomplish,” Melnyk said. “As a team effort here, everything that is required can get done.”

Melnyk said there are still “hurdles” that he prefers to view as “challenges,” but he wouldn’t elaborate on what they are. They’re “nothing insurmountable,” he said.

“With the mayor’s leadership here, I have more confidence today than ever. I’m very confident this is going to go forward,” Melnyk said.

An NHL arena would anchor the new mixed-use community on the Flats, which is prime federal land managed by the National Capital Commission.

RendezVous, which wants to build residential towers, a Sensplex, an abilities centre and other amenities, is in negotiations with the NCC on a master development agreement. The NCC chose the RendezVous bid in April 2016 and talks have been ongoing.

Melnyk said he believes RendezVous and the NCC are close to reaching a final deal, but he emphasized the huge amount of work being done to get there. The NCC has eyed 2019 as the timeline for the signed agreement.

Watson seemed more comfortable with the progress than he was last spring when he openly questioned if Melnyk was serious about the project. He doesn’t want the city to stand in the way of the work.

“We don’t want to be a hindrance to that,” Watson said. “We’ve told our staff that this is a project that we want to roll out the red carpet and not the red tape on because it’s a very massive investment on the part of the private sector. We want to be a willing partner.”

RendezVous isn’t seeking city money for the redevelopment. Watson has been firm that no Ottawa property tax money should fund the private sector’s redevelopment scheme.

The city, however, could be responsible for infrastructure like the internal road network, underground pipes and parks — things that development charges and new property tax revenue would help fund over the long term.

Watson said he discussed with RendezVous the municipal planning paperwork that will be required for the development, such as official plan amendments, zoning amendments and site plans.

“They’ve undertaken to come forward with their package and proposal in the next little while because we have to undertake our review of the proposal and have full public consultation on it,” Watson said.

Melnyk has been skeptical about the amount of residential development being planned in and around the Flats. Ruddy’s company, Trinity, is a major partner in the development group that’s building a 65-storey complex beside the Bayview O-Train station.

Asked on Friday if he still has concerns about the amount of residential intensification around the Flats, Melnyk said “potentially.”

“We’re trying to work through that,” he said. “We have studies ongoing. We’ve conducted two studies. We now know there’s another study conducted on this. We’ll let the professionals come to their conclusions.”

Melnyk said RendezVous isn’t scaling down its plans.

“The one thing that is constant always is that we are here to stay in Ottawa for a very, very long time and we want to make sure the LeBreton project, if accomplished, is a success for many, many years for our children’s children and that’s the way we’re looking at it,” Melnyk said.

Ruddy was asked if there’s any truth to rumours that he’s considering buying the Senators. “Absolutely none,” he said.

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https://ottawacitizen.com/news/local..._autoplay=true
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  #2105  
Old Posted Aug 12, 2018, 2:38 PM
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Why would Melnyk have concerns about residential development?
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  #2106  
Old Posted Aug 12, 2018, 5:43 PM
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Why would Melnyk have concerns about residential development?
A lot of competition, and completion that isn't nearly as constrained by the NCC.
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  #2107  
Old Posted Aug 13, 2018, 4:26 PM
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A lot of competition, and completion that isn't nearly as constrained by the NCC.
Exactly. Condo prices are set by supply and demand. If there are other nearby developments, the supply will be greater, lowering the price they can sell units for. To counter that, they would have to slow down the development, delaying the return on investment.
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  #2108  
Old Posted Aug 13, 2018, 5:51 PM
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But from my understanding it looks like Melnyk will most likely invest in the stadium and get those returns whereas Trinity would be the one investing to build the retail and residential and profit from those, no?

If so, that would be mostly Trinity's issue, not Melnyk's.
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  #2109  
Old Posted Aug 13, 2018, 6:46 PM
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Originally Posted by OTSkyline View Post
But from my understanding it looks like Melnyk will most likely invest in the stadium and get those returns whereas Trinity would be the one investing to build the retail and residential and profit from those, no?

If so, that would be mostly Trinity's issue, not Melnyk's.
I don't think the team is nearly profitable enough to self fund an arena. They need the profit from the development to subsidize the arena.
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  #2110  
Old Posted Aug 13, 2018, 8:04 PM
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Originally Posted by OTSkyline View Post
But from my understanding it looks like Melnyk will most likely invest in the stadium and get those returns whereas Trinity would be the one investing to build the retail and residential and profit from those, no?

If so, that would be mostly Trinity's issue, not Melnyk's.
Melnyk is a business man and is likely looking at this project as a business opportunity beyond just building an arena, but as a chance to make money on real estate. The team and arena are just a carrot and won't make much money on their own. The real estate sales are where the money is, and that is what Melnyk wants. If he can use a money losing team to help him make big bucks on condo sales, it all becomes worthwhile.
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  #2111  
Old Posted Aug 13, 2018, 8:33 PM
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Originally Posted by roger1818 View Post
Melnyk is a business man and is likely looking at this project as a business opportunity beyond just building an arena, but as a chance to make money on real estate. The team and arena are just a carrot and won't make much money on their own. The real estate sales are where the money is, and that is what Melnyk wants. If he can use a money losing team to help him make big bucks on condo sales, it all becomes worthwhile.
Also, the value of the Sens is not primarily in the profit (though according to Forbes, they have made profits many years). It's in the value of the team, which has increased by several hundred million since he bought it, and will increase by more if he can move into a new arena downtown. He will be looking to leverage that value in this project.
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  #2112  
Old Posted Aug 13, 2018, 8:57 PM
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(though according to Forbes, they have made profits many years).
Operating income and profit are not the same thing.
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  #2113  
Old Posted Aug 19, 2018, 5:38 PM
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I've noticed that news articles and tv news casts often reference a French Elementary School as part of the RVL proposal, but that was part of DCDLS' proposal and not RVL's.

Is it just terrible reporting or has that project also slipped into the RVL proposal without anyone noticing?
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  #2114  
Old Posted Aug 19, 2018, 5:59 PM
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I've noticed that news articles and tv news casts often reference a French Elementary School as part of the RVL proposal, but that was part of DCDLS' proposal and not RVL's.

Is it just terrible reporting or has that project also slipped into the RVL proposal without anyone noticing?
I thought they were building a new French elementary school off Preston.
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  #2115  
Old Posted Aug 19, 2018, 9:24 PM
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I thought they were building a new French elementary school off Preston.
There's a proposal to have one open in that neighbourhood but not for a few years:
https://www.cbc.ca/news/canada/ottaw...sing-1.4129597

That's quite a distance from Lebreton Flats anyway.
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  #2116  
Old Posted Aug 19, 2018, 9:30 PM
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I've also noticed that they haven't mentioned Windmill as an RVL partner in a while. Did they drop out?
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  #2117  
Old Posted Aug 19, 2018, 11:05 PM
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That's quite a distance from Lebreton Flats anyway.
That's pretty close to Lebreton.
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  #2118  
Old Posted Aug 20, 2018, 2:15 AM
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I've also noticed that they haven't mentioned Windmill as an RVL partner in a while. Did they drop out?
my understanding is that windmill was just contracted to do the urban design for the bid. I dont think they were ever mentioned as a long-term partner.
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  #2119  
Old Posted Aug 20, 2018, 7:56 PM
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my understanding is that windmill was just contracted to do the urban design for the bid. I dont think they were ever mentioned as a long-term partner.
Thanks for the response. It's too bad.
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  #2120  
Old Posted Aug 28, 2018, 12:20 AM
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