Naming rights for Lansdowne Park hits $50M

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Council hopes to rake in big bucks with naming rights — good luck!

By Susan Sherring, Ottawa Sun

There’s just something incredibly disconcerting when the numbers for a proposed project don’t quite add up — and then money appears as if almost from thin air.

Such is the case in some of the numbers for Lansdowne Park.

Originally, it was estimated about $15 million could be garnered through naming rights, a new name for Frank Clair Stadium.

Now, that number has miraculously ballooned to $50 million.

Of course, a study had to be commissioned and a third-party consultant involved.

Is this proof spending money makes money? And is it true if you hire enough consultants, you'll hear what you want to hear?

Both Mayor Jim Watson and city manager Kent Kirkpatrick attempted to downplay the jump in the numbers.

"It sounds like a big number, it is a big number, important to remember over 30 years," Kirkpatrick said.

Doubts build, but council likely to approve Lansdowne redevelopment

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By David Reevely, The Ottawa Citizen

OTTAWA — Ottawa's city councillors are looking forward to asking some questions about the Lansdowne Park redevelopment plans in very stern voices, but neither a vague report on the expected retail tenants there nor worse financial projections seem likely to derail the project.

Of the councillors approached by the Citizen, only Diane Deans, who voted against the Lansdowne redevelopment in the early going but switched to become a reluctant supporter as it gained momentum, signalled she might bring the tally of No votes to three out of 24 members of city council.

"I'm really not comfortable. All the way along we've been asking about cost overruns and who pays for them and we've been given assurances all along that we won't have these kind of cost overruns and now it's quite clear that we will," she said.

According to the latest financial report on the city's joint venture with a group of developers and sports businessmen, the city's up-front costs have increased $12 million, to about $218 million in all.

"The whole thing was portrayed as a new destination with a new kind of shopping experience and that doesn't seem to have materialized, either," Deans added. In the same package of reports the city released late Tuesday, an account of the businesses that have signed leases revealed that the Ottawa Sports and Entertainment Group has nailed down nobody besides the long-announced Whole Foods grocery store and an Empire Theatres cinema. They account for 90,000 square feet of the expected 360,000 square feet of retail space at Lansdowne, though OSEG says another 174,000 square feet are very nearly spoken for by tenants who just haven't quite reached the point of signing leases.

The project comes up for final votes by city council's finance committee on Oct. 2 and full city council Oct. 10. Deans described her vote as "in doubt at the moment." She'd join Capital Coun. David Chernushenko and Somerset Coun. Diane Holmes, who've voted against the project every time they've had a chance, if she opposes it.

City should know retailers before OKing Lansdowne deal: Councillor

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By Alex Boutilier, Metro News

Capital Coun. David Chernushenko is disappointed Ottawa city council will not have an opportunity to see what retailers are being considered for the Lansdowne Park redevelopment before they are asked to approve the $400 million project.

After a council meeting Wednesday morning, Chernushenko said council should not be forced to blindly trust Ottawa Sports and Entertainment Group to select appropriate retail tenants.

"Why is it down to me, the opponent, to be saying this isn't good enough. I would think the proponents should be asking the same question," Chernushenko told reporters.

"We need those names. We can't just say 'trust us, sign here.' This is the last chance. This is where we sign the cheque. And it can't be a blank one."

But Mayor Jim Watson said it's not the names of individual retailers, but the mix, that's important.

"What council asked for was we make sure there's a good retail mix and there are unique opportunities and that we fulfill that requirement," Watson said. "The actual names of the stores and the shops and the restaurants will come with time."

Watson added OSEG has a legal requirement to adhere to the mix of retail suggested by council.

"It's a legal agreement (OSEG has) to live up to, and unless they ask us for a change in that agreement we expect that they'll live up to that agreement," he said.

Doubts growing about Lansdowne plan

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By Jon Willing, Ottawa Sun

There's a hunger to find out more about who's setting up shop at Lansdowne Park and some councillors are casting doubt on the redevelopment.

The city says 73% of the retail space is either under a signed lease or a final negotiation.

The names of most of the companies are secret.

Capital Coun. David Chernushenko, who represents the Glebe, wants to know who the retail tenants will be. He said he will vote against the project when it comes to council Oct. 10.

The finance and economic development committee will hear public delegations on the redevelopment next Tuesday.

"I can't buy it anymore when we're just told 'trust us, we're in negotiations' because negotiations sometimes fail," Chernushenko said Wednesday.

"We cannot and should not be voting on this if we don't know otherwise it's a leap of faith and all along there have been leaps of faith. This is the final moment when there shouldn't be a leap of faith."

Mayor Jim Watson is calling for patience.

"The actual names of the stores and the shops and the reassurance will come with time but first and foremost we have to adopt the agreement," Watson said.