News Article: Lebreton...UPDATE - Agreement made with NCC.

[Nac Mac Feegle]

Well...if speeding tickets around Ottawa were $5k a pop, the city would be able to build an arena in Lebreton, and pay off the LRT in a hurry.

...just sayin'

 

[Stylizer1]

Well...if speeding tickets around Ottawa were $5k a pop, the city would be able to build an arena in Lebreton, and pay off the LRT in a hurry.

...just sayin'

Or no one would speed.

 

[Nac Mac Feegle]

Or no one would speed.

Either way it's a win.

But it will be interesting to see how the city is going to help Andy with this project. I mean, after certain other teams in this country were handed a taxpayer bag, you have to figure the Sens are going to get a bit of help somewhere in the process.

And I don't think getting a discount equal to cleaning the contamination is enough. That land has been like that for well over half a century with little cleanup, so it seems really odd that a new owner/leaseholder should get stuck with any of that nonsense. When buying a house, you don't say, "this house would be worth a million if you put 75k in renovations to it, so the selling price is 925k"...no, the fixer-upper would be selling at 700-800k, and the person putting in the effort to do the reno reaps the benefits of the extra equity generated by the cleanup/glowup.

 

[Stylizer1]

As of 2012: $71 million

Cost of cleaning up contaminated soil at Ottawa's LeBreton Flats could top $71 million, National Capital Commission says

The bill for cleaning contaminated soil at LeBreton Flats has hit $71 million and the National Capital Commission has abandoned plans to unload a massive chunk of t…

ottawasun.com

As of 2017: $170 million

City doesn't want to cover LeBreton Flats cleanup costs, report reveals

LeBreton Flats needs to be a showpiece neighbourhood once it's rebuilt, the city says, as long as it costs the city government as little as possible.

ottawacitizen.com

With numbers like this $250,000,000 sounds about right.

Sens could be on the hook for 150-170ish?

Seems like where the proposed site will be is the most contaminated. It probably gets deducted from the purchase of land.

 

[Micklebot]

As of 2012: $71 million

Cost of cleaning up contaminated soil at Ottawa's LeBreton Flats could top $71 million, National Capital Commission says

The bill for cleaning contaminated soil at LeBreton Flats has hit $71 million and the National Capital Commission has abandoned plans to unload a massive chunk of t…

ottawasun.com

As of 2017: $170 million

City doesn't want to cover LeBreton Flats cleanup costs, report reveals

LeBreton Flats needs to be a showpiece neighbourhood once it's rebuilt, the city says, as long as it costs the city government as little as possible.

ottawacitizen.com

With numbers like this $250,000,000 sounds about right.

Sens could be on the hook for 150-170ish?

View attachment 910522

Seems like where the proposed site will be is the most contaminated. It probably gets deducted from the purchase of land.

170 was for a parcel of land significantly bigger that the new deal, the original deal was for 50 acres, the new deal is 10.

Beyond that, the cost of cleanup will be taken into account when determining market value of the land, so if it costs 100 mil or whatever for cleanup, it likely means a significant discount on the market value of the land

 

[Golden_Jet]

Sens could be on the hook for 150-170ish?

nothing the NCC has said, suggests that at all.

 

[Stylizer1]

nothing the NCC has said, suggests that at all.

Im going by those news articles spaced 5 years apart, how much they went up in price, and what those numbers could look like 7-8 years past that and considering inflation.

 

[Golden_Jet]

Im going by those news articles spaced 5 years apart, how much they went up in price, and what those numbers could look like 7-8 years past that and considering inflation.

I’m going by the press conference last week., that the Senators won’t be on the hook for cleanup.

 

[Stylizer1]

I’m going by the press conference last week., that the Senators won’t be on the hook for cleanup.

and that was probably negotiated into the price.

 

[Golden_Jet]

and that was probably negotiated into the price.

That’s exactly what they said,
Price of land would depend on who does the cleanup.
If NCC does cleanup, purchase of the land will reflect that. If Sens do the cleanup, price will reflect that.
Sens aren’t paying for land remediation.