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

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Nac Mac Feegle

wee & free
Jun 10, 2011
35,259
9,674
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

Teflon Don
Jun 12, 2009
19,775
3,908
Ottabot City
As of 2012: $71 million


As of 2017: $170 million


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

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

1727542271251.png


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

Moderator
Apr 27, 2010
55,700
33,300
As of 2012: $71 million


As of 2017: $170 million


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
 
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Golden_Jet

Registered User
Sep 21, 2005
25,366
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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.
 
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Golden_Jet

Registered User
Sep 21, 2005
25,366
12,944
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.
 
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mysens

Registered User
Apr 9, 2013
946
797
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.
I beg to disagree. Some of the partners are in construction and have a lot of contacts to do this remediation. They will no doubt have one of their many people in their Rolodex to come out and price it….much higher than the other guy and use that number as their new leverage. This is the way the big boys play.
 

Golden_Jet

Registered User
Sep 21, 2005
25,366
12,944
I beg to disagree. Some of the partners are in construction and have a lot of contacts to do this remediation. They will no doubt have one of their many people in their Rolodex to come out and price it….much higher than the other guy and use that number as their new leverage. This is the way the big boys play.
Beg all you want.
 

PlayersLtd

Registered User
Mar 6, 2019
1,365
1,662
As of 2012: $71 million


As of 2017: $170 million


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.
That cost would be based on doing it from scratch. In the SENS case they would be digging down anyways, likely well below the depths of contamination. The additional cost is therefore restricted to the extra cost in disposal (by whatever method) and the hauling to where said disposal would occur, assuming it's further away than other dump sites in town. That turns it into a fraction of those estimates.

Also, not sure how you are interpreting the arena site as being most contaminated. That area is light orange and could be as little as a 0- 1m profile of contaminated soil. Historic use of the site was a brewery and railyard. The bigger polluters were futher toward the centre of Lebreton with the exception of a paint factory that was near Pimisi.
 

Stylizer1

Teflon Don
Jun 12, 2009
19,775
3,908
Ottabot City
That cost would be based on doing it from scratch. In the SENS case they would be digging down anyways, likely well below the depths of contamination. The additional cost is therefore restricted to the extra cost in disposal (by whatever method) and the hauling to where said disposal would occur, assuming it's further away than other dump sites in town. That turns it into a fraction of those estimates.

Also, not sure how you are interpreting the arena site as being most contaminated. That area is light orange and could be as little as a 0- 1m profile of contaminated soil. Historic use of the site was a brewery and railyard. The bigger polluters were futher toward the centre of Lebreton with the exception of a paint factory that was near Pimisi.
The area east is primarily bedrock now so I don't see the major cost in remediation. I thought the Arena was always proposed to be closer to the Bayview station where the contaminated soil was the issue. They would have to remove it anyway but there is still a significant cost to do so. 16 meters is the height of a 4 story building.
 
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