Critics are expressing concern over the potential premature closure of the Ottawa Redblacks amidst the ongoing Lansdowne Park redevelopment project. The current proposal seeks City Council approval for an extended partnership agreement with Ottawa Sports and Entertainment Group (OSEG) until 2075.
While the agreement mandates OSEG to maintain the Redblacks and Ottawa 67’s until 2032, some fear that the reliance on Redblacks’ profits, stadium rent, and ticket surcharges for revenue generation might pose a significant financial risk if the team ceases operation post-2032.
Coun. Jessica Bradley highlighted the historical volatility of football in Ottawa and urged OSEG to commit to retaining the teams for the partnership’s duration to safeguard public investments. OSEG CEO Mark Goudie expressed confidence in the teams’ longevity, citing contractual obligations to play at TD Place until 2075 if the Lansdowne 2.0 project progresses.
Capital ward Coun. Shawn Menard emphasized the necessity for a written commitment from OSEG to ensure the teams remain in Ottawa long-term, especially since the city’s debt financing for the $419 million Lansdowne 2.0 redevelopment plan relies on partnership profits. The financial model anticipates revenue from retail sales and Redblacks’ contributions, with concerns raised about potential losses if the teams were to depart.
Ottawa’s auditor general flagged a one-in-three chance of the Redblacks leaving, prompting discussions on the city’s right of first refusal in case of team sales. While supporters like Coun. Steve Desroches see Lansdowne 2.0 as vital for creating favorable conditions for the teams’ sustainability, the debate underscores the need for secure commitments to safeguard the project’s financial viability and community interests.