Confirmed with Link: Senators are for sale - and it’s a Gong Show

[Sun God Nika]

in a city that is growing at 1.07%. which is the 3rd year in a row of decline. It has sharply declined since 2018. With all evidence suggesting that it will remain stable at 1%. With an economy that is still civil servant dependent. And has a low corporate base (Lowest among all Canadian major cities (hockey cities)). The Land the CTS sits on, is probably not all that desirable.

The Kanata/Stitsville boom, once anticipated is not happening. The sprawling metropolis that Ottawa was once predicted to be, is not. Even the city's own projections are for a 1.1% increase in growth (population and jobs) in the next 28 years. If any massive effort goes into refurbing inner core real-estate, it will mean taking away from suburban expansion.

The long and short; the CTC land has value, but nothing earth shattering.

It is literally right off the 417 tho.

You can get to the CTC in 16 mins if you were driving there from Downtown Ottawa right now. During game days and rush hour it is bad. But I can see a lot of people wanting to live in that area.

 

[Crosside]

I wonder if this come with B-Sens and the Sensplex

 

[Yak]

I wonder if this come with B-Sens and the Sensplex

Too big and expensive to maintain.

I have no clue what they do with that Building and Land.

 

[Crosside]

Too big and expensive to maintain.

I have no clue what they do with that Building and Land.

No I don’t ask if the B-Sens come to play here. I wonder if the group that gonna buy the Sens received the B-Sens and the Sensplex in the deal

 

[Golden_Jet]

No I don’t ask if the B-Sens come to play here. I wonder if the group that gonna buy the Sens received the B-Sens and the Sensplex in the deal

Sensplex is a P3 partnership if I remember correctly.
BSens likely part of it, that cost is a drop in The bucket in comparison

 

[DueDiligence]

Don't think he's doing this for attention or fandom - he's a businessman and this is a business proposal

Totally secondary. He's a Canadian who wants to own part of a hockey team in a place where he spent some of his youth. It's a personal thing.

 

[bert]

That is just a silly notion. You really think a famous Hollywood actor, a Canadian who lived in Ottawa for a while and who is worth tens of millions of dollars would buy a stake in a pro hockey team as a short term investment??? Come on man!

Really reaching when he had to pivot to RR selling immediately based on pure skepticism.

 

[bert]

in a city that is growing at 1.07%. which is the 3rd year in a row of decline. It has sharply declined since 2018. With all evidence suggesting that it will remain stable at 1%. With an economy that is still civil servant dependent. And has a low corporate base (Lowest among all Canadian major cities (hockey cities)). The Land the CTS sits on, is probably not all that desirable.

The Kanata/Stitsville boom, once anticipated is not happening. The sprawling metropolis that Ottawa was once predicted to be, is not. Even the city's own projections are for a 1.1% increase in growth (population and jobs) in the next 28 years. If any massive effort goes into refurbing inner core real-estate, it will mean taking away from suburban expansion.

The long and short; the CTC land has value, but nothing earth shattering.

The city if Ottawa was the second fastest growing city in Canada last year. They literally can't build houses fast enough. The projections are much much higher than that. Where did you get this misinformation?

 

[IpsoPostFacto]

Too many hockey fans equate things that are cool/trendy with somehow sullying the sport - like the hipsters of sports fans.

"Yeah, I'm a fan of a sports team - you've probably never heard of it though."

oh ya, well I'm so cool I listen to bands that haven't even formed yet.

*stolen from somewhere; I forget.

 

[Tuna99]

Totally secondary. He's a Canadian who wants to own part of a hockey team in a place where he spent some of his youth. It's a personal thing.

That's what we thought with Paul Anka too. If you've learned one thing from being a fan of celebrities, who they pretend to be on TV and who they are in real life is not real. Ryan Reynolds is character being played by Ryan Reynolds

 

[Bileur]

That's what we thought with Paul Anka too. If you've learned one thing from being a fan of celebrities, who they pretend to be on TV and who they are in real life is not real. Ryan Reynolds is character being played by Ryan Reynolds

True but as far as I know Paul Anka didn’t have a recent history of purchasing a sport franchise and using it to create a television series. While Reynolds is surely using this attention to raise his profile, he’s also got genuine and transferable experience and skills.

 

[coladin]

Really reaching when he had to pivot to RR selling immediately based on pure skepticism.

I didn't say that.

in a city that is growing at 1.07%. which is the 3rd year in a row of decline. It has sharply declined since 2018. With all evidence suggesting that it will remain stable at 1%. With an economy that is still civil servant dependent. And has a low corporate base (Lowest among all Canadian major cities (hockey cities)). The Land the CTS sits on, is probably not all that desirable.

The Kanata/Stitsville boom, once anticipated is not happening. The sprawling metropolis that Ottawa was once predicted to be, is not. Even the city's own projections are for a 1.1% increase in growth (population and jobs) in the next 28 years. If any massive effort goes into refurbing inner core real-estate, it will mean taking away from suburban expansion.

The long and short; the CTC land has value, but nothing earth shattering.

The land is extremely vaulable. But it will depend on zoning, or re-zoning depending on what the new owners would do with the land.

 

[coladin]

I guess you missed the part where they're trying to rebuild the collapsed part of the stadium.

Wrexham AFC: Racecourse Stadium's Kop redevelopment plans given council approval

The building of a new Kop stand at Wrexham AFC's Racecourse Stadium has taken a step closer with approval from Wrexham Council's planning committee.

www.bbc.com

This new part of the staidum was initiated prior to the celebrity owners

 

[JackieDaytona]

Jeez, did Ryan Reynolds f*** some of your mums or girlfriends while he lived in Vanier or something? It’s a real reach to see anything but positive outcomes with his involvement, and yet here we are taking shots at his character and integrity. Have a look at the typical member of the billionaire set, such model f***ing humans for the most part. Why such a different standard for them vs charming movie star millionaire?

 

[Emerica]

Jeez, did Ryan Reynolds f*** some of your mums or girlfriends while he lived in Vanier or something? It’s a real reach to see anything but positive outcomes with his involvement, and yet here we are taking shots at his character and integrity. Have a look at the typical member of the billionaire set, such model f***ing humans for the most part. Why such a different standard for them vs charming movie star millionaire?

Its only a few posters, who probably don't even believe in what they post. They just want to go against the grain at any opportunity that presents itself

 

[BonHoonLayneCornell]

Jeez, did Ryan Reynolds f*** some of your mums or girlfriends while he lived in Vanier or something? It’s a real reach to see anything but positive outcomes with his involvement, and yet here we are taking shots at his character and integrity. Have a look at the typical member of the billionaire set, such model f***ing humans for the most part. Why such a different standard for them vs charming movie star millionaire?

Anything is better than the last guy either way. Don't let this negative shit takeover after what we've had to endure.

 

[coladin]

in a city that is growing at 1.07%. which is the 3rd year in a row of decline. It has sharply declined since 2018. With all evidence suggesting that it will remain stable at 1%. With an economy that is still civil servant dependent. And has a low corporate base (Lowest among all Canadian major cities (hockey cities)). The Land the CTS sits on, is probably not all that desirable.

The Kanata/Stitsville boom, once anticipated is not happening. The sprawling metropolis that Ottawa was once predicted to be, is not. Even the city's own projections are for a 1.1% increase in growth (population and jobs) in the next 28 years. If any massive effort goes into refurbing inner core real-estate, it will mean taking away from suburban expansion.

The long and short; the CTC land has value, but nothing earth shattering.

Today Ian Mendes posted an article answering what the value is of the land at CTC. Experts he spoke to said $100M. If they have zoning changes, or sever the 75 acres, it could be way, way more.

 

[Micklebot]

Today Ian Mendes posted an article answering what the value is of the land at CTC. Experts he spoke to said $100M. If they have zoning changes, or sever the 75 acres, it could be way, way more.

Yeah, that lines up to what was said in the past, with a bit of an increase due to inflation.

I recall something about a sale with the intent of retrofitting the arena to either be a mall or a distribution center potentially netting the team~80 mil. That was back when the first LeBreton bid fell through.

 

[Tnuoc Alucard]

If you don't like the sport, it's soccer

If you don’t understand the sport, it’s soccer.

 

[Tnuoc Alucard]

To provide sufficient capital to the team to enable it to spend to the salary cap each year.

So do you think many current NHL franchise owners fund their teams, from their “Deep Pockets” rather than the revenues the franchise generates?

How long would an owner with “Deep Pockets” be able to fund his/her/their franchise with their own money, before they lost enough of their own money, and had to cut costs?

if a business is not successful enough to operate on it’s revenues…. Enough to pay its expenses, salaries, taxes and generate a profit for the owner(s)… then it will eventually fail…unless expenses are cut, and revenues rise.

Billionaires do not become billionaires by personally funding money losing businesses including sports franchises.

 

[Tnuoc Alucard]

Anything is better than the last guy either way. Don't let this negative shit takeover after what we've had to endure.

Don’t fool yourself, just like any new GM or Coach, it’ll only be a matter of time before a segment of the fan base grab their torches and pitchforks and come after the new owner(s) no matter who they are…… I would say the honeymoon will last about two years.

 

[Bevans]

So do you think many current NHL franchise owners fund their teams, from their “Deep Pockets” rather than the revenues the franchise generates?

How long would an owner with “Deep Pockets” be able to fund his/her/their franchise with their own money, before they lost enough of their own money, and had to cut costs?

if a business is not successful enough to operate on it’s revenues…. Enough to pay its expenses, salaries, taxes and generate a profit for the owner(s)… then it will eventually fail…unless expenses are cut, and revenues rise.

Billionaires do not become billionaires by personally funding money losing businesses including sports franchises.

What he's saying is not incorrect and you're mischaracterizing it.

Much like buying a rental property the potential owners would need to demonstrate to the banks that they can satisfy the necessary debt service ratio to keep the mortgage/loan in good standing.

So yes they do need capital. But, technically, not to spend on Giroux's salary; rather, they need sufficient capital (equity) in order to put down a down payment large enough to free up the revenue necessary to pay Giroux's salary.

As you can see it's semantics.

 

[Tnuoc Alucard]

What he's saying is not incorrect and you're mischaracterizing it.

Much like buying a rental property the potential owners would need to demonstrate to the banks that they can satisfy the necessary debt service ratio to keep the mortgage/loan in good standing.

So yes they do need capital. But, technically, not to spend on Giroux's salary; rather, they need sufficient capital (equity) in order to put down a down payment large enough to free up the revenue necessary to pay Giroux's salary.

As you can see it's semantics

that is your opinion….. and you’re entitled to it….. but I’ll let the poster I quoted speak for himself, that is why I asked for his feedback.

 

[bert]

Jeez, did Ryan Reynolds f*** some of your mums or girlfriends while he lived in Vanier or something? It’s a real reach to see anything but positive outcomes with his involvement, and yet here we are taking shots at his character and integrity. Have a look at the typical member of the billionaire set, such model f***ing humans for the most part. Why such a different standard for them vs charming movie star millionaire?

It's easy behind a fake alias on the internet. The same people probably would take the shirt off their backs and lay it on the ground to keep his feet from getting wet given the opportunity in real life.

 

[bert]

Don’t fool yourself, just like any new GM or Coach, it’ll only be a matter of time before a segment of the fan base grab their torches and pitchforks and come after the new owner(s) no matter who they are…… I would say the honeymoon will last about two years.

That's not what happens unless the owner is an asshole. People just want a team to be run properly. What yours suggesting is pure fiction.