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2w ago

Senators and NCC Finalize Land Purchase for LeBreton Flats Arena District

The sale opens the path to zoning and cleanup steps that will precede permitting and funding for the mixed-use development.

Dec 15, 2023; Dallas, Texas, USA; A view of the Ottawa Senators logo on the jersey of left wing Brady Tkachuk (7) during the game between the Dallas Stars and the Ottawa Senators at the American Airlines Center. Mandatory Credit: Jerome Miron-USA TODAY Sports/File Photo
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Michael Andlauer, Owner of the Ottawa Senators (Photo by Arianne Bergeron/NHLI via Getty Images)
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Overview

  • On August 11, the Senators’ development arm Capital Sports Development Inc. and the National Capital Commission signed a binding agreement to buy roughly 11 acres (4.5 hectares) at LeBreton Flats.
  • The formal sale advances the project from an agreement in principle to property ownership and unlocks zoning, detailed design and environmental remediation phases.
  • Media reports estimate the Senators will pay just over $30 million for the land, although the NCC has not officially disclosed the financial terms.
  • Securing financing, municipal and federal approvals and completing land decontamination remain necessary before construction can begin, likely years away.
  • The transaction builds on a 2022 memorandum of understanding and a September 2024 agreement in principle and expands the envisioned arena-led district to include housing, retail and a hotel.