7:30 p.m., Nov. 4)
finance committee approves Sensplex East near Canotek
of the City of Ottawa's finance and economic develop.m.ent
unanimously approved plans to build a new triple ice pad
next to the Potvin Arena on Shefford Road.
$28 million facility will be built under a public private
partnership agreement with Ottawa Community Ice Partners
(OCIP), which includes the Ottawa Senators Hockey Club.
project includes construction of the new rink as well
of renovations to the existing arena. It is expected to
be completed by the fall of 2014. There were fears that
the project would result in the loss of the beach volleyball
complex and soccer fields behind and beside the arena,
but that is no longer the case thanks to negotiations
between the city and OCIP.
the agreement the city will provide the land for the project
and guarantee any financing required for construction.
They will also contract out the day-to-day operations
of the facility to Capital Sports Management, which is
a subsidiary of Senators Sports and Entertainment, for
a period of 30 years, after which, ownership of the building
will revert back to the city.
Sports Management will be paid a base fee of $171,000
per year, which will escalate by two per cent per year.
The city will also contract 2,227 hours of ice time from
Capital Sports Management at $222 per hour. The City will
then rent the ice time to local organizations.
city will also receive 50 per cent of any revenue generated
in excess $250,000 in any given year only when all conditions
of the Agreement are met and the capital reserves are
kept current. Any shortfall in meeting these financial
commitments will result in the payment of the base management
all operating expenses associated with the Potvin Arena
will be transferred to the Capital Sports Management,
total base budget savings of $32,000 will be achieved
in the first two years of operation.
rendition of the proposed hockey complex to
replace the Potvin Arena on Shefford Road.
EMA Architects - Ottawa Senators
story was made possible thanks to the generous support
of our local business partners.)
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