The Ottawa Senators and National Capital Commission made a huge announcement on Thursday regarding an “overarching land agreement on LeBreton Flats".
Ottawa Sun's Bruce Garrioch has revealed that an agreement in principle has been signed by both parties.
Senators owner Eugene Melnyk and his RendezVous LeBreton group, who have been working to secure a piece of land just west of downtown Ottawa for the last several years, started negotiation back in 2016.
Now, the RendezVous group is expected to have six to 12 months to get financing organized for the $3-billion development.
RendezVous’s proposal is said to house an 18,000-seat arena with views towards Parliament Hill and the Ottawa River, which would also include a new cultural and social meeting place that can host to 28,000 people. The progress is expected to be done in two phases.
A significant step in a relocation saga that got ugly back in December when Melnyk revealed he was not afraid of moving or selling the club...