Shawn Menard
shawnmenard.bsky.social
Shawn Menard
@shawnmenard.bsky.social
Ottawa City Councillor
Thank you to the residents who have been advocating for this.
November 10, 2025 at 7:10 PM
7) The OAG also identifies a risk the Redblacks could leave after 2042 and highlights that the city is taking revenue projections into account with the Ottawa Charge staying at Lansdowne, something the city has fumbled and is now unclear to the detriment of fans of the team.
November 3, 2025 at 3:14 PM
6) Significant risk long term nature of the partnership to 2075, tens of millions of potential downside risk for the city related to Redblacks. Risk of $84 million decrease in waterfall distributions to the city on revenue projections and higher expenses.
November 3, 2025 at 3:14 PM
5) The city has recommended funds ($5 million) that should have gone to affordable housing to instead be allocated to building parking for the residential towers.
November 3, 2025 at 3:14 PM
4) There is a financial risk with the developer contract to build the skyscrapers. If the City fails to complete the transaction for any reason before the final closing deadline (July 31, 2031), the city would pay $13 million to the developer- Mirabella.
November 3, 2025 at 3:14 PM
3) The city has agreed to pay $16 million of the $32 million for "business interruption costs". This public subsidy won't go to small businesses on site but rather will be paid by the city ie: for lost revenue from the stands being torn down. This cost could escalate.
November 3, 2025 at 3:14 PM
2) The OAG has flagged a major risk on construction cost, that the contingency amount is not enough and could increase the cost of the project and residents taking on more than the $331 million they are already withdrawing. Tariffs, escalation costs and development complications.
November 3, 2025 at 3:14 PM
1) The OAG has identified money going to Lansdowne 2.0 - ongoing debt repayment costs in the city operating budget ($17.4 million per year for 40 years -$694 million total) that “represents an opportunity cost as those funds could be used for other City services.”
November 3, 2025 at 3:14 PM
These letters are completely at odds with the narrative of the job creation in Ottawa from Lansdowne 2.0 and that limited funds should be completely allocated to a gated ticketed access venue operated by a billionaire owned company.
November 2, 2025 at 5:50 PM
:) a city wide issue with city wide meeting venues
October 29, 2025 at 2:16 AM
7) Throw-Away Costs are increasing tearing out new retail built in 2014 worth $12M, the Civic Centre and North Side Stands value at $100M, $10M in lease disruption costs paid to OSEG, $23M from repairing the arena roof, and $8M to remove the greenspace and Ms. Anholt’s artwork.
October 27, 2025 at 7:56 PM