The latest vision for Lansdowne Park, presented Friday, includes two residential towers instead of three, and no more green roof atop the relocated arena. City council will vote on the plan next month.
Home to sports teams, restaurants and music festivals, Lansdowne Park has struggled to make any money. The public-private partnership wants support for a new revamp, but the public's not convinced.The latest vision for Lansdowne Park includes two residential towers instead of three and no more green roof on the relocated arena. Members of the finance and planning committee will debate the plan this week. City councillors are preparing for marathon meetings on Lansdowne 2.
The city's partnership includes four revenue streams: the Redblacks football franchise, the Ottawa 67's junior hockey team, the arena and the stores and restaurants that lease retail space.Any income is distributed using a complex closed financial system where OSEG is repaid for expenses before the city gets a return on its investment.Community events held at the Aberdeen Pavilion and Horticulture building are solely run by the city, but there could be disruptions from Lansdowne 2.
The overall price tag also jumped by $86 million to $419 million, with taxpayers providing $5 million annually.
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