Volume 12 Week 5

Friday, May 26


 

Posted May 10

Posted Feb. 16

Posted Feb. 17

free polls

Orléans Ward
Bob Monette

Beacon Hill,
Cyrville Ward
Tim Tierney



 

 

 


(Posted 7:30 p.m., Nov. 4)
City finance committee approves Sensplex East near Canotek Park
By Fred Sherwin
Orléans Online

Members 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.

The $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.

The 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.

Under 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.

Capital 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.

The 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 fee only.

Since 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.

Architect's rendition of the proposed hockey complex to replace the Potvin Arena on Shefford Road. EMA Architects - Ottawa Senators

(This story was made possible thanks to the generous support of our local business partners.)

Return to top

Return to Front Page

 


 


Posted Jan. 12



Click on image



Click on image


 

 

 


Orléans Online © 2001-2016 Sherwin Publishing