News Article: Lebreton project

[GrantLemons]

The competing bid had an arena.

Right. It's been so long I had forgotten the details of the other bids.

 

[Engineer]

This drama with this team just never ends.

 

[harrisb]

You would think these type of details would have been ironed out prior to the bid. Betting the Devcore bid did

 

[GCK]

Cue a sudden interest in Trinity Developments' role in this deal by random teen girls on Twitter.

I wonder, and someone plugged in might know, when Melnyk started questioning the viability of the project due to the high number of Condos now being built or approved in the area, was he beginning to leverage the other partners to partially fund his arena or he would pull out. Honestly, I have never figured out what value Melnyk was bringing to the bid.

 

[milkbag]

That faint sound you're hearing is the count squirming to come up with a positive spin on this.

Big surprise that melnyk is unable to play nice with partners. I think we're seeing the beginning of the end here.

 

[FlyingJ]

This is potentially disastrous to the Sens, but as an Ottawa resident this is awful. This is so huge for the city. Melnyk better figure it out fast.

I can only imagine what's going through the heads of Bettman et al. Could this be what forces Gary to step in? He has to know this is a huge opportunity for the franchise long-term.

 

[GrantLemons]

I wonder, and someone plugged in might know, when Melnyk started questioning the viability of the project due to the high number of Condos now being built or approved in the area, was he beginning to leverage the other partners to partially fund his arena or he would pull out. Honestly, I have never figured out what value Melnyk was bringing to the bid.

He brings the Ottawa Senators. That's it. There is obviously uncertainty building an arena if he is not involved in the bid. He guarantees a full time tenant for the building. Without him, a deal would have to be made with him to become a tenant there (unlikely given his track record), or he'd have to sell the team to someone involved with the other group (also potentially unlikely given his stance on owning it forever and ever).

 

[Silencio]

That faint sound you're hearing is the count squirming to come up with a positive spin on this.

Big surprise that melnyk is unable to play nice with partners. I think we're seeing the beginning of the end here.

"Eugene Melnyk is the Owner of this Franchise....he has an absolute right to determine who he Partners with."

Something like that?

 

[Engineer]

"Eugene Melnyk is the Owner of this Franchise....he has an absolute right to determine who he Partners with."

Something like that?

He doesn't use the first name, he only ever refers to him as "Mr. Melnyk".

 

[BonkTastic]

I don't want to say I told you so, but...

 

[Silencio]

He doesn't use the first name, he only ever refers to him as "Mr. Melnyk".

Of course, how silly of me.

 

[FolignoQuantumLeap]

This is potentially disastrous to the Sens, but as an Ottawa resident this is awful. This is so huge for the city. Melnyk better figure it out fast.

As an Ottawa resident I have been cringing at the idea of Melnyk being involved in any capacity with a massive project like this. It can only result in ruin, everything he touches is destroyed and corrupted.

We need someone bigger and better for this project, this team and this city.

 

[FolignoQuantumLeap]

Fire up the botnet

 

[Rand0m]

Hahahahahahaha the only people who couldn’t see this coming had their view obscured while riding his nutsack.

I’m more curious now about the next steps and what exactly happens now.

 

[BonkTastic]

If I was a on the BOG and saw Melnyk ****ing up a deal that would increase his franchise value (and all others), I'd be pissed.

Do you know all of the times when posters here on HFBoards were asking "when does the NHL intervene?!?"

This is probably the first legitimate event where we can start asking that question.

 

[Silencio]

Sounds to me like they can't agree on what kind of role Melnyk will play after that rumoured new partnership agreement/injection of $$$ takes place.

 

[Philadelphia Collins]

There’s about to be a bunch of twitter accounts with avatars of blonde girls explaining how this is the NCCs fault

 

[danielpalfredsson]

Staying in Kanata is better for the team anyways. Do you think all 100 season ticket holders are going to drive downtown for games?

#stayinthecornfield
#bororising
#notabot

 

[Upgrayedd]

I operate on the assumption that a building will get built eventually at the Lebreton site and that the Ottawa Senators will play there, I deem today as positive news as I also believe that the current Sens owner is a walking disaster and infects everything he touches anything to expedite his departure from the team and city is great news to me, I would prefer the current owner have zero involvement in the project even if it delays it for many years. This is a massive project that needs to be correctly executed...there's no room for clowns at the table in this deal imo.

 

[ToastrStutzle]

Melnyk is such a joke. Guaranteed it's his ego getting in the way of things. I understand in massive deals like this there's a lot of complexity and issues to iron out but they've had like what almost 2 years since they were announced as the preferred proponent? C'mon now...

 

[Upgrayedd]

Sounds to me like they can't agree on what kind of role Melnyk will play after that rumoured new partnership agreement/injection of $$$ takes place.

Eugene at every major corporate position, mirroring the current Ottawa Senators operation? "Character's" is a kind way to put it!

 

[FlyingJ]

Interesting take here:



I mean, it's all speculation, but thoughts?

 

[armani]

He brings the Ottawa Senators. That's it. There is obviously uncertainty building an arena if he is not involved in the bid. He guarantees a full time tenant for the building. Without him, a deal would have to be made with him to become a tenant there (unlikely given his track record), or he'd have to sell the team to someone involved with the other group (also potentially unlikely given his stance on owning it forever and ever).

No Lebreton, no partners, no investments, #EmptyCTC, etc. make it impractical and unsustainable for Melnyk to own this team forever. NHL BOG won't stand by while he is bleeding the brand and NHL's overall revenue. It costs other NHL owners when they share their revenue to keep Melnyk afloat.

Remember Elliott reporting recently about Melnyk making an "impassioned" speech at the BOG meeting about owning this team for the foreseeable future? Why did he do that? Perhaps because BOG is already questioning the Sens ownership?

Quite simply, #MelnykBoycott #EmptyCTC #MelnykOut.

 

[armani]

Interesting take here:



I mean, it's all speculation, but thoughts?

Makes sense, but the owner could be somebody else who wants a piece of Lebreton and can still partner with Trinity. There is immense interest on Lebreton and the appetite for an NHL arena downtown (as demonstrated by the competing bid). Having an NHL team only boosts the overall value of Lebreton for all comers.

Yes the time is now for Eugene to cut his losses and maximize profit on a sale. He may choose not to, in which case the winning bid is nullfied and new application process will take place. As an Ottawa resident, I want Lebreton to be done right and beautifully, so it's good to see the City and the Commission finally showing some teeth in this matter.

 

[GrantLemons]

Makes sense, but the owner could be somebody else who wants a piece of Lebreton and can still partner with Trinity. There is immense interest on Lebreton and the apetite for an NHL arena downtown (as demonstrated by the competing bid). Having an NHL team only boosts the overall value of Lebreton for all comers.

The common denominator for those scenarios is Melnyk not being in the picture.

At this point, that's probably all Ruddy wants.