November 2020: City Proposes Changes to the P3 and Financial Aid for OSEG

Press Release Put Out by Councillor Menard's Office at the Time

For Immediate Release

Over 200 residents joined an online Zoom public meeting hosted by the office of Capital Ward Councillor Shawn Menard to discuss changes to the Lansdowne Park deal proposed by city staff.

The staff proposal, framed as a response to the pressures brought on by COVID-19, seeks to change key aspects of the Lansdowne Park Agreement, including extending the term of the deal by ten years to 2054.

Capital Ward Councillor Shawn Menard expressed concern about the deal after it was released at the last minute without any input from the public or city councillors, worrying that the deal is a “a short-sighted stop-gap measure created out of panic”.

Today, the councillor’s office released a backgrounder on the Lansdowne deal today on the councillor’s website, the document notes:

There are significant problems with the city report that requires more reflection.  

It is very unlikely that OSEG would choose to default, and they have not indicated this. Any decision by OSEG to walk away from its obligations at Lansdowne would represent a default under the Material Agreements that would result in OSEG losing the equity (>$150 million) that it has invested in the project. That is, and will continue to be, the major deterrent to OSEG withdrawing from Lansdowne. 

At tonight’s meeting, residents expressed concerns about the deal, pointing to the lack of financial details and questioning what benefit it would actually bring to the city.

“This is the only time the community will be able to come out and discuss this important issue before the FEDCO meeting. That’s not good governance; that’s not respect for our constituents; that’s just not right,” argues Councillor Menard.

City management declined to attend the public meeting. The city has not held any public consultations on the issue.

“We had over 200 engaged citizens make time and come out on short notice,” he continued, “and city management wouldn’t even come out and participate in the discussion or listen to residents’ concerns. This is no way to run a city.”

OSEG CEO Mark Goudie joined the beginning of the meeting to speak to OSEG’s position, explaining that the pandemic has affected the retail and commercial businesses at Lansdowne, as well as forcing the cancellation of the corporation’s large events, including the 2020 CFL season.

June Creelman, a Glebe resident and member of the Community Association, was also invited to speak at the event. Creelman has been involved in the Lansdowne issue from the community side and expressed concerns about the lack of transparency or consultation from the city and OSEG, noting that “it’s hard to have a public space where you don’t involve the public.”

The staff report will be considered by the city’s Finance and Economic Development on Thursday. If it is accepted, it will go to city council on November 25 for final approval, without any further public consultation events.

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Download this press release [PDF].


More info on the proposal released by the Councillor's office at the time

 This proposal would extend the deal for an extra ten years to 2054; and would give up future rental income and net retail profits for the city until 2066. 

Under the Lansdowne agreement, the original waterfall was expected to deliver further gains for the city and OSEG. Under the proposal in front of Council, here is what it looks like: 


Investments in Lansdowne 

Estimated New Contributions 

Estimated return at end of 30-year agreement to 2044 

Estimated return at the end of the 10-year extension (40 Years) 


$152 Million* 

$40 Million* 

$216.5 Million 

$468.4 Million 

City of Ottawa 

$210 Million 




*OSEG’s contributions have mostly come from annual operational losses, which are returned to the waterfall as equity which earns interest. 

While some short term offer of assistance to get through the pandemic might make sense, the deep, long-term changes being proposed are a question mark for the city. There is no vision behind it right now. And there is no business case supporting it. 

We received a report from the Auditor General on Tuesday regarding the Lansdowne Waterfall. It is very concerning and does not bode well for sweetening the deal. You can read the report here

Our office has also put together a financial assessment of the proposed deal, you can read it here. Lansdowne is a valuable public asset and should be treated as such.  

The proposal was supposed to be considered at this week’s council meeting, but the Mayor has indicated he now wishes to move the report to the December 9th Council meeting. This is the same day the budget will be considered.  

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