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

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Mingus Dew

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Oct 7, 2013
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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.

I don’t have personal experience with the market but I’m guessing that getting land re-zoned in Ottawa is a tall order, especially if the intended use is something like logistics or light industrial which the NIMBY crowd despises.
 

Masked

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They got the donuts? Excellent....
I don’t have personal experience with the market but I’m guessing that getting land re-zoned in Ottawa is a tall order, especially if the intended use is something like logistics or light industrial which the NIMBY crowd despises.

I don't think it would be a tall order at all and it'd likely be re-zoned something with significantly more density than logistics or light industrial since it is right next to the highway and and a planned stage 3 LRT station.

Plus there's no one around the site to be NIMBYs.

Assen na yo!
 

GCK

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Oct 15, 2018
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I don’t have personal experience with the market but I’m guessing that getting land re-zoned in Ottawa is a tall order, especially if the intended use is something like logistics or light industrial which the NIMBY crowd despises.
The area south of palladium drive is an easy residential high density rezoning. The adjacent land is already zoned that way. The area north of palladium would likely be an extension to the existing business park.
 

BonHoonLayneCornell

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Oct 16, 2006
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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.
Im not worried at all. If you think Melnyk was okay, all the power to you, but I'd take just about anyone over him. This franchise is headed for big things under new, respectable ownership.
 

Tnuoc Alucard

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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.
So no one was trashing the previous owners, an no one will bash the next owners…… you’re dreaming.
 

Tnuoc Alucard

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Im not worried at all. If you think Melnyk was okay, all the power to you, but I'd take just about anyone over him. This franchise is headed for big things under new, respectable ownership.

was not a fan of the previous owner, and did not see the point of continuously trashing him, day in and day out, as no matter how many protests, billboards etc the haters used, he was never going to sell, until he wanted to, if ever…… Some people still have not stopped dancing on his grave….
 

Big Muddy

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Dec 15, 2019
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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.
Some folks seem disappointed there's going to be a new owner before long. It's kind of like a Grinch who stole Christmas story.
 
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Tuna99

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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.

I think the plan now is to use it as storage for Brady Tkachuk’s manliness
 
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BonHoonLayneCornell

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was not a fan of the previous owner, and did not see the point of continuously trashing him, day in and day out, as no matter how many protests, billboards etc the haters used, he was never going to sell, until he wanted to, if ever…… Some people still have not stopped dancing on his grave….
That's all well and good and we all have our motivations some do and some don't relate to. I just want an owner that isn't going to make the team operate with a peg leg from their own issues. He's gone and it's been nothing but good things for the franchise since then, so on to better days!
 

Silencio

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Nov 6, 2006
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What would be a good name for a Welcome to Wrexham style series about the Senators?

Keeping Up With The Kanatians?
 
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Dionysus

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Oct 7, 2007
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Around the bend
Excited for the honeymoon period of new ownership. Long term who knows, but a fresh start for the next few years with this group of players will be awesome.
 

Tnuoc Alucard

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If you think the previous ownership was a normal standard it explains alot.
Depends on what your definition of “normal standard” ownership, is.
what is normal or standard for Toronto, Montreal or New York, is not the same in each of those markets, and are far from what normal or standard is in the Ottawa market.

Perhaps some clarification is needed?
 

Pierre from Orleans

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Depends on what your definition of “normal standard” ownership, is.
what is normal or standard for Toronto, Montreal or New York, is not the same in each of those markets, and are far from what normal or standard is in the Ottawa market.

Perhaps some clarification is needed?
You know exactly what he meant.
 
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Beech

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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?
do a search. the city web site has much of the info. the housing increase has been a spill over from insane increases in other areas. A neighbour of my partner isn \cvornwall, just bough here as he moved from toronto... this is a fake bubble. it will burst.
 

Nac Mac Feegle

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Jun 10, 2011
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The area south of palladium drive is an easy residential high density rezoning. The adjacent land is already zoned that way. The area north of palladium would likely be an extension to the existing business park.

It really would be great for the city to have a few more buildings for middle class and moderate incomes. Being right on the LRT and all that, as well. The city really needs more housing that is affordable.

Hope it happens.
 
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Masked

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Apr 16, 2017
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They got the donuts? Excellent....
do a search. the city web site has much of the info. the housing increase has been a spill over from insane increases in other areas. A neighbour of my partner isn \cvornwall, just bough here as he moved from toronto... this is a fake bubble. it will burst.

Yet Ottawa is one of the few housing markets in Canada that is expected to increase next year.

Assen na yo!
 
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bert

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do a search. the city web site has much of the info. the housing increase has been a spill over from insane increases in other areas. A neighbour of my partner isn \cvornwall, just bough here as he moved from toronto... this is a fake bubble. it will burst.
I mean I do this for a living. Ottawa is one of the fastest growing cities in Canada. People are moving here in droves due to affordability and quality of life specifically from the GTA. Canada is also a hub for immigration. The country is growing and Ottawa is the second fastest city right now. Vacancy is 3.5%.... I think you need to do some more research.

A fake bubble? What does that even mean?
 
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bert

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Depends on what your definition of “normal standard” ownership, is.
what is normal or standard for Toronto, Montreal or New York, is not the same in each of those markets, and are far from what normal or standard is in the Ottawa market.

Perhaps some clarification is needed?
Never said normal ownership is the three wealthiest teams in the league. The commitment to this shtick of yours that Melnyk was good or even normal/average ownership is insane given the countless examples that it wasn't.
 

Tnuoc Alucard

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Never said normal ownership is the three wealthiest teams in the league. The commitment to this shtick of yours that Melnyk was good or even normal/average ownership is insane given the countless examples that it wasn't.
Point is that no one has outlined what “normal” ownership for the Ottawa market is…. And what is normal in Ottawa, is not what it would be in pretty much any other market…. The uniqueness of the Ottawa market, where the largest, by far, employer, is the Federal Government and the obvious inability to invest or work with the Senators in any beneficial way.

Whomever the new owner is will get a sense of this, during the due diligence process. but the full picture will only become clearer once the new owner takes control.

yes, things will change if the franchise works out some kind of deal to relocate to Lebreton Flats.
 

bert

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Point is that no one has outlined what “normal” ownership for the Ottawa market is…. And what is normal in Ottawa, is not what it would be in pretty much any other market…. The uniqueness of the Ottawa market, where the largest, by far, employer, is the Federal Government and the obvious inability to invest or work with the Senators in any beneficial way.

Whomever the new owner is will get a sense of this, during the due diligence process. but the full picture will only become clearer once the new owner takes control.

yes, things will change if the franchise works out some kind of deal to relocate to Lebreton Flats.
No on needs to outline it. Its common knowledge that if you dont meddle in hockey ops, cheap out and treat people like trash that's normal. You seem to think that type of ownership and behavior is normal.

Ottawa is not as unique a market as you are suggesting. You are right though they will do their due diligence. They will see that attendance was terrific until 2017. They will also see now that Eugene is gone they are up in attendance the 2nd most from a percentile point of any organization in the league this year from the 2019-2020 season.

You're in denial of why this market stopped supporting this team. A part of it I can guarantee is because you dont live here. But the rest is denial.
 

Big Muddy

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Dec 15, 2019
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No on needs to outline it. Its common knowledge that if you dont meddle in hockey ops, cheap out and treat people like trash that's normal. You seem to think that type of ownership and behavior is normal.

Ottawa is not as unique a market as you are suggesting. You are right though they will do their due diligence. They will see that attendance was terrific until 2017. They will also see now that Eugene is gone they are up in attendance the 2nd most from a percentile point of any organization in the league this year from the 2019-2020 season.

You're in denial of why this market stopped supporting this team. A part of it I can guarantee is because you dont live here. But the rest is denial.
The other point is that owners are looking at this kind of investment like a stock. They buy it at a certain price, and then sell it at a much larger price many years later. That is where the money is made like a buy & hold stock market strategy. Year to year fluctuations are a small, minor concern for an deep pocket owner that has the right profile. That wasn't Melnyk.
 
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