LeBreton Flats 2.0 (RendezVous LeBreton) | Cancelled

[daud]

Originally Posted by Vixx

So the 25th is almost here, I hope that the info we get isn't a let down and we can actually get a clear picture of how things have been going.

I could not agree more. The pragmatic side of me says we’ll hear very little. Maybe a tiny nugget of new info. But I have my fingers crossed that we get some huge and fantastic news. Given that the NCC is running this show, I’m tempering my excitement.

[kevinbottawa]

Originally Posted by daud

I could not agree more. The pragmatic side of me says we’ll hear very little. Maybe a tiny nugget of new info. But I have my fingers crossed that we get some huge and fantastic news. Given that the NCC is running this show, I’m tempering my excitement.

If the message you posted before about a deal being in place for OSEG to buy the Sens came true that would be amazing. If they could reach a deal on Lebreton Flats, OSEG would probably become the third most "important" ownership group in Canadian sports after MLSE and the Molsons.

[roger1818]

Originally Posted by eltodesukane

Welcome to the Neighborhood: America's Sports Stadiums Are Moving Downtown
The New York Times, By KEITH SCHNEIDERJAN. 19, 2018
https://www.nytimes.com/2018/01/19/b...velopment.html

I love this quote:

The new projects are altering the financial formula for building stadiums and arenas by surrounding them not with mostly idle parking lots in suburban expanses, but with revenue-producing stores, offices and residences capable of servicing the public debt used to help build these venues.

By being centrally located with retail outlets nearby, people can arrive to the game early or stay a bit after the game to beat/wait out the crowds. Close proximity to the LRT (which will be running reasonably frequently anyway) will help with this (as compared to Lansdowne), as they aren't tied to the schedule of an event bus.

[acottawa]

This is a few days old, but interesting line from a Citizen story.

Goudie declined to comment about the rumoured possibility OSEG could one day acquire the Ottawa Senators from mercurial owner Eugene Melnyk. But this seems an unlikely fit financially. The Senators, like many National Hockey League franchises, tend to lose money on operations but more than offset that through the increased value of the team. This sort of strategy demands a hefty bank account or a willingness to borrow against the increased value of the team’s assets. OSEG appears to be run too conservatively to absorb this kind of risk, especially following years of financial losses.

http://ottawacitizen.com/news/local-...-startup-phase

[J.OT13]

I was also intrigued by that; "Goudie declined to comment".

If nothing was going on, I feel he would right out of the gate put an end to the rumors and confirm that OSEG is in no way looking into the possibility of purchasing the Sens.

[YOWflier]

Smoke -> Fire

[acottawa]

Originally Posted by J.OT13

If nothing was going on, I feel he would right out of the gate put an end to the rumors and confirm that OSEG is in no way looking into the possibility of purchasing the Sens.

Denying a rumour invites follow-up questions, some of which he may not want to (or be allowed to) answer.

[roger1818]

Originally Posted by acottawa

Denying a rumour invites follow-up questions, some of which he may not want to (or be allowed to) answer.

Also if you always deny false rumours, declining to comment becomes as good as a yes.

[daud]

Garrioch: NCC and RendezVous LeBreton have reached agreement in principle for Flats development

The National Capital Commission and the RendezVous LeBreton Group are expected to announce an agreement in principle to redevelop LeBreton Flats Thursday.

Two well-placed sources told this newspaper Tuesday that the NCC and RendezVous LeBreton have reached a land transfer agreement and they could be ready to make the next step in what will lead to the building of a downtown arena to house the Ottawa Senators.

While the deal won’t be completely finalized during Thursday’s meeting of the NCC board of directors, this is a major step forward in these talks.

It’s believed the RendesVouz group — a partnership between Senators’ owner Eugene Melnyk and John Ruddy of Trinity Developments — will then have six to 12 months to get the financing in place for the massive $3 billion development which could change the face of the city.

Mark Kristmanson, the NCC’s chief operating officer, indicated late last year this would be a “milestone” meeting for the board of directors, who are being briefed “in camera” on the details of the agreement Wednesday.


Moving this project to the next step is significant because the negotiations between the two sides have been ongoing since RendezVous LeBreton was given preferred bidder status by the NCC in April, 2016.

It’s uncertain whether Melnyk will attend the meeting with the talks at a delicate stage for a new downtown rink, but it would be surprising if all the ‘i’s’ are dotted and ‘t’s’ are crossed Thursday. At this point, Melnyk might want to take a step back from the spotlight until everything is in place 100 per cent.

There are 35 minutes set aside on the NCC’s agenda for the LeBreton portion of the discussions, which will include a staff update on the talks.

There is a sense in the community that this is a watershed moment for the ownership of the franchise and especially those who have refused to listen to Melnyk when he says he’ll never sell the team and it’s not for sale.

Though Melnyk stated last month on Parliament Hill he wasn’t sure a downtown arena was as important as everybody was making it out to be, it should be noted he was still in the middle of negotiations for a new rink at LeBreton and it makes no sense to show all your cards while trying to get a deal done.

If there’s going to be an events centre (also known as a rink) it needs a main tenant and Melnyk owns that part of the deal so his presence in these negotiations are key.

The Senators have looked at other sites in the area that could house a new arena, but LeBreton makes the most sense because it’s five minutes west of Parliament Hill, will be on the new LRT line and the NCC has been looking for something that’s going to attract people to the area.

NHL commissioner Gary Bettman and deputy commissioner Bill Daly have both stated they feel it’s paramount the Senators have a downtown arena. The Senators curtained off 1,500 seats coming into the season hoping to create more of a demand at the rink and the club is average 15,460 people per-game.

You have to give these two sides credit because these discussions have been air tight as far as information goes. If Ottawa Mayor Jim Watson didn’t sit on the board in a non-voting role then you wonder how much he would know?

One also gets the feeling that once Thursday ends, there will still be some heavy lifting to be done but this is a major step in the right direction.

[acottawa]

that was a lot of drama for "nothing to see here"

[waterloowarrior]

CTV reporting the same thing.
https://ottawa.ctvnews.ca/agreement-...lats-1.3772556

[YOWflier]

Great news for the city and team.

But does it mean the drama's over? We'll see.

[rocketphish]

Originally Posted by daud

Garrioch: NCC and RendezVous LeBreton have reached agreement in principle for Flats development

The National Capital Commission and the RendezVous LeBreton Group are expected to announce an agreement in principle to redevelop LeBreton Flats Thursday.

Two well-placed sources told this newspaper Tuesday that the NCC and RendezVous LeBreton have reached a land transfer agreement and they could be ready to make the next step in what will lead to the building of a downtown arena to house the Ottawa Senators.

While the deal won’t be completely finalized during Thursday’s meeting of the NCC board of directors, this is a major step forward in these talks.

It’s believed the RendesVouz group — a partnership between Senators’ owner Eugene Melnyk and John Ruddy of Trinity Developments — will then have six to 12 months to get the financing in place for the massive $3 billion development which could change the face of the city.

Mark Kristmanson, the NCC’s chief operating officer, indicated late last year this would be a “milestone” meeting for the board of directors, who are being briefed “in camera” on the details of the agreement Wednesday.


Moving this project to the next step is significant because the negotiations between the two sides have been ongoing since RendezVous LeBreton was given preferred bidder status by the NCC in April, 2016.

It’s uncertain whether Melnyk will attend the meeting with the talks at a delicate stage for a new downtown rink, but it would be surprising if all the ‘i’s’ are dotted and ‘t’s’ are crossed Thursday. At this point, Melnyk might want to take a step back from the spotlight until everything is in place 100 per cent.

There are 35 minutes set aside on the NCC’s agenda for the LeBreton portion of the discussions, which will include a staff update on the talks.

There is a sense in the community that this is a watershed moment for the ownership of the franchise and especially those who have refused to listen to Melnyk when he says he’ll never sell the team and it’s not for sale.

Though Melnyk stated last month on Parliament Hill he wasn’t sure a downtown arena was as important as everybody was making it out to be, it should be noted he was still in the middle of negotiations for a new rink at LeBreton and it makes no sense to show all your cards while trying to get a deal done.

If there’s going to be an events centre (also known as a rink) it needs a main tenant and Melnyk owns that part of the deal so his presence in these negotiations are key.

The Senators have looked at other sites in the area that could house a new arena, but LeBreton makes the most sense because it’s five minutes west of Parliament Hill, will be on the new LRT line and the NCC has been looking for something that’s going to attract people to the area.

NHL commissioner Gary Bettman and deputy commissioner Bill Daly have both stated they feel it’s paramount the Senators have a downtown arena. The Senators curtained off 1,500 seats coming into the season hoping to create more of a demand at the rink and the club is average 15,460 people per-game.

You have to give these two sides credit because these discussions have been air tight as far as information goes. If Ottawa Mayor Jim Watson didn’t sit on the board in a non-voting role then you wonder how much he would know?

One also gets the feeling that once Thursday ends, there will still be some heavy lifting to be done but this is a major step in the right direction.

IMPORTANT: This is a reminder to everybody to always post a full citation with any published articles from other sources. This includes author, publication date, and a link back to the source material. This helps to ensure that copyrights aren't being infringed upon.

[c_speed3108]

Originally Posted by ac888yow

Great news for the city and team.

But does it mean the drama's over? We'll see.

It sounds like this starts the financing egg timer. This stage create some very interesting deals/arrangements.

[daud]

Originally Posted by c_speed3108

It sounds like this starts the financing egg timer. This stage create some very interesting deals/arrangements.

I also get the feeling that the financing side of things will be just as interesting as this announcement but we'll see.

[zzptichka]

Perfect time for Melnyk to cash out (fingers crossed)

[rocketphish]

NCC, RendezVous have agreement in principle on LeBreton Flats

Jon Willing, Ottawa Citizen
Published on: January 25, 2018 | Last Updated: January 25, 2018 11:48 AM EST

The National Capital Commission and RendezVous LeBreton Group are closer to actually building something on LeBreton Flats.

The NCC board approved the terms of a preliminary agreement on Thursday. The business terms will pave the way for the final negotiations of the master development agreement.

“It’s also a milestone date for the modern NCC,” board chair Marc Seaman said during the meeting, later calling it a “watershed moment.”

NCC CEO Mark Kristmanson said it’s a “significant step” since the agreement will lead to a master development agreement. All the approvals are scheduled to be wrapped up in 2019, with construction scheduled for 2019-2020.

Both sides have agreed on a “fair market value” for the land, according to the NCC. Costs were not divulged during the meeting.

RendezVous, whose major partners are the Ottawa Senators and Trinity Group, won negotiating rights in April 2016 after beating another group in a high-profile design competition. After preliminary talks, the NCC declared RendezVous as the “preferred proponent” in November 2016, kicking off formal negotiations.

There’s hardly been a peep on the talks since then. Some of the big players have changed, too. The federal government appointed NCC chair Marc Seaman in mid-2017. The Senators appointed Tom Anselmi president and CEO of the club at the beginning of 2017.

RendezVous wants to build an 18,000-seat NHL arena, twin-pad Sensplex, multi-sport “abilities” centre and a mixed-use community that includes affordable housing.

The Senators would move to the new arena but the club hasn’t said what it plans to do with the Canadian Tire Centre.

The City of Ottawa is poised to play an active role in remaining negotiations, since much of what will happen at LeBreton Flats will have direct impacts to the municipality when it comes to transportation and utilities.

<snip>

[email protected]
twitter.com/JonathanWilling

http://ottawacitizen.com/news/local-...lebreton-flats

[Jayday23]

I heard that "phase 3" (2030's - ) of the project has been scrapped. Does anyone know what that means?

[LeadingEdgeBoomer]

Originally Posted by Jayday23

I heard that "phase 3" (2030's - ) of the project has been scrapped. Does anyone know what that means?

According to a CBC report on today's announcement it means this:

Zanetti said the redevelopment will take place in two phases, not three as originally planned. The arena and community centre will be part of the first phase, he said.

[movebyleap]

Not sure if I understand correctly, but this prime downtown land will be occupied by THREE sports arenas and affordable housing?