Dr.Sens(e)
Registered User
Not sure how many of you are following things, but here a few tidbits to chew on…
- The NCC still has a huge parcel of land right by the war museum, and have opened it up for tender. Unlike in past, where the NCC typically had a firm vision for what they develop, they have left this more of a blank slate for proposals to suggest what they will, as long as it is a major national attraction of some sort. They have said they are open to this being a large multi-use arena to be used by a pro franchise (yeah, subtle)
- The Senators previously stated, when asked, that they were interested in hearing what their fans had to say on this location and the idea of a re-location. This is actually a big deal. They can’t obviously come outright and say, yeah, we’d love to move there, but if the fans all clamoured for the move, they could simply start exploring it as an option at the behest of their fans.
- The CTC has already been supposedly estimated to need between $200M- $300M in repairs in the coming years. This is also a BIG deal, and there will be no public money to offset these costs for Melynk. A new world class arena could be done for less than $500M most likely, and would obviously have local and provincial money available for the development.
- The CTC has already been supposedly estimated for a retro-fit to become a large indoor shopping mall. Suppedly it is well suited for such a retro-fit. Think of a BayShore of Kanata. Multi-level, lots of parking, right in the heart of other shopping and subdivisions on all sides.
So for Melnyk, he can likely get $100-$250M to offset the building of a new arena in Lebreton Flats over the next 10 years, and then also look to sell off the area and land in Kanata to a major real estate player who will retro-fit the CTC place into a new mall – perhaps pulling in another $50M. He then only has to pony up $200M or so for the new arena in a way better location that is several generations better than the current CTC place, all for the same amount of money just to main the current CTC place as is.
It’s a long-term move that will take years to finalize most likely, and a lot can happen to make the deal go sideways, but I’d say it’s 50/50 the Sens will be playing downtown in 10 years, versus Kanata.
- The NCC still has a huge parcel of land right by the war museum, and have opened it up for tender. Unlike in past, where the NCC typically had a firm vision for what they develop, they have left this more of a blank slate for proposals to suggest what they will, as long as it is a major national attraction of some sort. They have said they are open to this being a large multi-use arena to be used by a pro franchise (yeah, subtle)
- The Senators previously stated, when asked, that they were interested in hearing what their fans had to say on this location and the idea of a re-location. This is actually a big deal. They can’t obviously come outright and say, yeah, we’d love to move there, but if the fans all clamoured for the move, they could simply start exploring it as an option at the behest of their fans.
- The CTC has already been supposedly estimated to need between $200M- $300M in repairs in the coming years. This is also a BIG deal, and there will be no public money to offset these costs for Melynk. A new world class arena could be done for less than $500M most likely, and would obviously have local and provincial money available for the development.
- The CTC has already been supposedly estimated for a retro-fit to become a large indoor shopping mall. Suppedly it is well suited for such a retro-fit. Think of a BayShore of Kanata. Multi-level, lots of parking, right in the heart of other shopping and subdivisions on all sides.
So for Melnyk, he can likely get $100-$250M to offset the building of a new arena in Lebreton Flats over the next 10 years, and then also look to sell off the area and land in Kanata to a major real estate player who will retro-fit the CTC place into a new mall – perhaps pulling in another $50M. He then only has to pony up $200M or so for the new arena in a way better location that is several generations better than the current CTC place, all for the same amount of money just to main the current CTC place as is.
It’s a long-term move that will take years to finalize most likely, and a lot can happen to make the deal go sideways, but I’d say it’s 50/50 the Sens will be playing downtown in 10 years, versus Kanata.