The city has no financial interest in the Canadian Tire Centre and no financial interest in the NCC\u002Downed LeBreton site.
The team is on a roll, so much so that squeaking into the playoffs is not an entirely ludicrous hope. New owners, the NHL reports, will pony up somewhere between $800 million and $1 billion U.S. to buy the team and the right to develop a new arena on LeBreton Flats. Actor Ryan Reynolds might even be involved in the new ownership group. How much better can things get?Sign up to receive daily headline news from Ottawa Citizen, a division of Postmedia Network Inc.
We will also be reminded that it’s laughable to have an NHL arena in Kanata, a location frequently described as “the middle of nowhere,” even by local people who ought to know better. One can perhaps excuse the professional sports announcers who frequently tell their viewers that Kanata is “near” Ottawa. After all, it has only been part of the city for 22 years.
Supporters of a city contribution will point to the arrangement the city has at Lansdowne Park, where it put up the money to rehabilitate the football stadium on the premise that it would get it back through ticket surcharges and increased tax revenues.
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