monitoring_string = "358c248ada348a047a4b9bb27a146148"
News Article: - Lebreton | Page 13 | HFBoards - NHL Message Board and Forum for National Hockey League
  • Xenforo Cloud upgraded our forum to XenForo version 2.3.4. This update has created styling issues to our current templates, this is just a temporary look. We will continue to work on clearing up these issues for the next few days and restore the site to it's more familiar look, but please report any other issues you may experience so we can look into. Thanks for your patience and understanding.

News Article: Lebreton

Knave said:
I love renderings but that building looks like a nightmare to get into during winter. I want to state again, I do love the look. I'm just worried about the practicality of getting into the arena during winter months.
Click to expand...
It's a concept render - I wouldn't get too hung up on details rn. Lots of work still to be done before a design is finalized and approved!
 
Knave said:
I love renderings but that building looks like a nightmare to get into during winter. I want to state again, I do love the look. I'm just worried about the practicality of getting into the arena during winter months.
Click to expand...

There will be underground connects to Ottawa’s subway system. (Once subway is completed in 2065)
 
Just remember everyone that this development project is a complete loser and Melnyk was right to pull out of it even though American capital partners are willing do it with a cost of capital that is approaching 10% by the day.

Great that this is moving forward.

Pancakes Pancakes said:
So, none of the partners announced are related to any equity in the Sens. They are all related to building, designing and managing entertainment (live nation is ticketmaster). What the hell was Brucie talking about with HUGE partner announcement.
Click to expand...

Live Nation is involved?

That's pretty cool. Legit entertainment money.
 
Pancakes Pancakes said:
So, none of the partners announced are related to any equity in the Sens. They are all related to building, designing and managing entertainment (live nation is ticketmaster). What the hell was Brucie talking about with HUGE partner announcement.
Click to expand...
Must've been in relation to the partners' ability to make the arena work, if Nichols' buddy mentioned here is accurate:

 
dzingelalltheway said:
Must've been in relation to the partners' ability to make the arena work, if Nichols' buddy mentioned here is accurate:

Click to expand...


Populous is a global architectural and design practice specializing in sports facilities, arenas and convention centers, as well as the planning and design of major special events.

SPD - By way of background, SPD is a full-service development management and advisory firm. SPD is an affiliate of Sterling Equities, a 50-year-old real estate owner/manager and developer based in New York. Its ownership group is also a part owner of the New York Mets Baseball Team as well as SportsNet New York, a regional sports network also based in New York. SPD is currently involved in approximately $24 billion (hard cost) worth of development projects across its advisory portfolio. We assist approximately 100 clients throughout the United States as well as Europe and the Caribbean. The scale of our projects range between $10 million and $2 billion in hard construction cost.
 
I did find that Tipping Point Sports provides these services:

M&A Advisory
• Due diligence
• Negotiate deal terms
• Purchase Agreement negotiation
• Develop Business Plan
• Operating projections
• Valuation
• Acquisition financing
• Limited partner equity
• League approval process
• Vendor negotiation
• Assistance in closing

So, could potentially indicate that they are actively seeking some equity partnerships or sale.
 
AchtzehnBaby said:
Populous is a global architectural and design practice specializing in sports facilities, arenas and convention centers, as well as the planning and design of major special events.

SPD - By way of background, SPD is a full-service development management and advisory firm. SPD is an affiliate of Sterling Equities, a 50-year-old real estate owner/manager and developer based in New York. Its ownership group is also a part owner of the New York Mets Baseball Team as well as SportsNet New York, a regional sports network also based in New York. SPD is currently involved in approximately $24 billion (hard cost) worth of development projects across its advisory portfolio. We assist approximately 100 clients throughout the United States as well as Europe and the Caribbean. The scale of our projects range between $10 million and $2 billion in hard construction cost.
Click to expand...

Sterling is of course very established, despite the Wilpons getting took by Madoff.

Real institutional NYC real estate money. Big dick swingers in the cracker jack factory, if you will.

Edit: So Sterling Project Development looks like their construction management/development management arm. They'll get fees but I'm not sure if the main fund will be writing an equity check.

Are there any details on who is actually putting money in? These partners all appear to be service providers that the development syndicate will hire.
 
Last edited:
AchtzehnBaby said:
Click to expand...


Not super helpful. Can't see Live Nation putting money into this as that's not their MO. But of course whomever builds and owns the development can hire them for entertainment management.

Similarly Sterling Equities is a group of companies that do different things. Hiring their management arm to oversee development is very different than entering into an equity JV with one of their investment vehicles.
 
Live Nation and the Wilpons are some pretty heavy hitters. Amazing to see they're attached to this project.

Exciting news all around! It's nice to finally get some good news on this front.
 
Well that's exciting news. The future is bright in Ottawa. Amazing how fast the dark cloud has disappeared from the franchise.
 
Live Nation seems like the perfect parter for this project and organization
 
Is the bottom line that we'll have a higher payroll out of this? That's really all I care about to be honest
 
You must log in or register to reply here.

Latest posts

Ad

Upcoming events

Ad

Top
-->->