The National Capital Commission announced that it has signed a letter of intent with Capital Sports Development Inc., a group led by Ottawa Senators, to build a new arena at the LeBreton Flats.
The team behind the proposal includes Sterling Project Development, Populous, Tipping Point Sports and Live Nation.
“These are people with serious experience building sports arenas and an understanding of entertainment, culture and sport,” NCC CEO Tobi Nussbaum told reporters.
Here’s a look at the companies involved in the proposal.
STERLING PROJECT DEVELOPMENT
Sterling Project Development is a real estate development management and consulting firm, a subsidiary of Sterling Equities, based in New York.
SPD is currently involved in approximately $24 billion worth of development projects, according to Sterling Project Development’s website.
Sterling Equities is a shareholder in the New York Mets and SportsNet New York. The Wilpon family owned the New York Mets until 2020.
Jeff Wilpon is Vice President of Sterling Equities and has over 35 years of experience actively overseeing major construction projects. Wilpon is a partner of the UBS Arena in Belmont Park, the new home of the New York Islanders.
Populous is a global design company that has designed major sporting venues including the new Climate Pledge Arena in Seattle, the T-Mobile Arena in Las Vegas and the Tottenham Hotspur Stadium in London, England.
According to the Populous website, the company has more than 35 years of experience and has been involved in more than 3,000 projects.
“We are a global design company with colleagues on four continents. By collaborating with communities of all sizes and employing a range of disciplines, we create experiences that amplify the joy felt in shared human moments,” Populous says on his website.
Tipping Point Sports is a boutique sports finance and advisory firm focused on transformative public-private partnerships for sports-embedded, mixed-use developments.
Mitchell Ziets founded Tipping Point Sports in 2011 after previously serving as President and CEO of MZ Sports.
According to Tipping Point’s website, Ziets has “advised team owners, municipalities, investors and developers on more than 150 sports-related transactions, including franchise acquisitions, stadiums, arenas and mixed-use development projects and financings.” Ziets has advised on over 40 sports real estate investments including the San Diego Padres, Los Angeles Dodgers, Cleveland Cavaliers and Boston Red Sox.
Live Nation Entertainment is a global entertainment company formed in 2010 following the merger of Live Nation and Ticketmaster.
According to Live Nation Entertainment’s website, it produces 40,000 shows and more than 100 festivals and sells 500 million tickets a year.
President Michael Rapino was born in Thunder Bay and has served as President and CEO of Live Nation Entertainment since 2005.
Live Nation is headquartered in Beverly Hills, California with Canadian headquarters in Vancouver.