NCC To Terminate Development Deal With Rendez-Vous LeBreton Group

The National Capital Commission says it is moving to terminate a development deal with Rendez-Vous LeBreton Group, in the wake of bitter legal infighting within the development group.

Last January, the Crown corporation responsible for the redevelopment of the land at Ottawa’s LeBreton Flats, signed a preferred proponent term sheet with Rendez-Vous LeBreton for a new development including an NHL arena.  The develop group is composed of Trinity Development Group Inc. and Ottawa Senators owner Eugene Melnyk’s Capital Sports Management Inc.  The plan ran into a significant snag last month when the group told the NCC that unresolved internal issues in its partnership prevented it from moving forward with its proposal.

The NCC says the termination will come into effect in 30 days from the initial notice.  In a notice posted to the NCC website, the commision says; “The NCC remains committed to redeveloping LeBreton Flats to the highest standards of design, accessibility, sustainability and connectivity. The termination of the term sheet will allow the NCC to proceed with the next steps in the redevelopment process at its next public Board meeting in January. This is also consistent with the commitment made at the NCC’s last public Board meeting in November.”

Story source: The Canadian Press / http://ncc-ccn.gc.ca/posts/statement-on-lebreton-flats

Image supplied by RendezVous LeBreton Group / https://www.cbc.ca/news/canada/ottawa

Posted in News & Sports, Steve Boyton, Whats Happening Tagged with: , , , , , ,

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