• Loading stock data...
Friday, June 14, 2024

Ottawa Senators Awarded Bid for Downtown Arena

Ottawa
Ottawa Senators

The Ottawa Senators are one step closer to getting a new home.

The team, which Forbes last valued at $525 million, reached a memorandum of understanding with the National Capital Commission and a group of partners for an arena in the LeBreton Flats area.

Pending a few more steps — including approval from the City of Ottawa — the team will be able to move from the Canadian Tire Centre. Last season, the team’s average attendance was the lowest in the league.

The NCC said in a release that it aims to reach a long-term land-lease agreement by the fall of 2023, adding that there are “clear targets related to sustainability, affordable housing, and benefits for the Algonquin Nation.”

The Senators were awarded the bid to develop in the same area in 2016, but negotiations fell apart in 2018 after the relationship between the late Senators owner Eugene Melnyk and his business partner John Ruddy went south, generating lawsuits and counter-lawsuits. 

  • Melnyk, who purchased the team for $92 million in 2003 to save it from bankruptcy, died on March 28.
  • NHL commissioner Gary Bettman said in May that the team is not for sale. Melnyk’s daughters, Anna and Olivia, remain in charge.

Behind the Build

Live Nation, Sterling Project Development, Tipping Point Sports, and Populous are partnering with the team on the arena, which would be on a 7.5-acre plot.

Anthony LeBlanc, the team’s president of business operations, said the Senators will spend the “next series of months” looking at financing.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

ESPN Bought Its Tiny Stanley Cup Desk at a Canadian Furniture Store

An ESPN spokesperson says the tight spot was chosen for its view of the ice.

Done Deal: Utah Hockey Club Unveils Identity, Colors, and Jerseys

The newly established NHL franchise selects a color scheme and temporary name.

NHL Seeing Record Growth, but Bettman Taps Brakes on Expansion

There’s no process in place to add teams, even as the league is experiencing historic levels of growth.

New Era’s Acquisition of ’47 Set to Reshape Sports Apparel Market

New Era is set to acquire ’47 in a deal creating a combined operation with $2 billion in annual revenue.
podcast thumbnail mobile
Front Office Sports Today

How the US Open is Designed for Drama

0:00

Featured Today

Jan 3, 2022; Pittsburgh, Pennsylvania, USA; General view of the NFL shield logo signage before the Pittsburgh Steelers host the Cleveland Browns at Heinz Field.

Odds Stacked Against NFL in Multibillion-Dollar Sunday Ticket Trial

Why the class action trial does not look promising for the league.
Jan 7, 2024; San Francisco, California, USA; Toronto Raptors forward Jontay Porter (11) takes a three-point shot against the Golden State Warriors during the second half at Chase Center.
June 9, 2024

‘Bound to Happen’: The Age of the Sports Betting Scandal Has Arrived

A banishment, betting scheme, and guilty plea all in one scandal-filled span.
June 8, 2024

‘Experimental in Nature’: The Rapid, Confounding Rise of Streaming Bundles

Here’s why confusion continues to outweigh solutions in the streaming package boom.
June 2, 2024

The Nostalgia Market: Michael Jordan’s Memorabilia Remains Coveted, With Caveats

Due to scarcity, and sometimes, items’ undisclosed whereabouts, this world has limitations.

Rays Nearing $1.3B Stadium Deal, Clear Path to St. Pete Commitment

The St. Petersburg city council gives preliminary approval to the Rays’ $1.3 billion stadium project.
June 6, 2024

Where Will the Browns Play Next? Team Has Viable Stadium Options

Both the city of Cleveland and suburban Brook Park heighten their stadium pitches to the Browns.
June 13, 2024

Back in the ’Burbs? Bears Weighing Renewed Stadium Interest from Cities

Two suburban jurisdictions renew their efforts to land the Bears, despite the team’s downtown stadium plans.
Sponsored

How HOKA is Reimagining the NIL Relationship

HOKA, the renowned athletic footwear and apparel brand, is betting on a new reality with NIL.
June 5, 2024

Kansas Makes Timely Play for Chiefs Stadium: Why It Could Happen

State legislative leaders publicly back consideration of funding for a new Chiefs stadium.
June 3, 2024

Panthers Propose $800 Million in Bank of America Stadium Renovations

The Carolina Panthers would be on the hook for maintenance and overruns.
Jun 4, 2023; New York City, New York, USA; Exterior view of Citi Field prior to a Major League Baseball game between the New York Mets and the Toronto Blue Jays at Citi Field.
May 29, 2024

Mets Owner Steve Cohen’s Parking-Lot Casino Hopes Are Dying

The state senator announced she won’t introduce legislation required to advance the project.
May 28, 2024

‘Time Is Money’ for the Bears’ New Home. Now the Wait Is Even Longer

Illinois legislature set to adjourn spring session without considering the team’s funding request.