Route links
- Local news
Date of publication:
June 23, 2022 • 23 minutes ago • 4 minutes of reading • Join the conversation A new Senators Stadium is planned in LeBreton’s mostly empty flats. NCC / FILE
Content of the article
On Thursday, the Ottawa Senators ran as the preferred bidder for the arena plot at LeBreton Flats. The team also announced that it was partnering with Live Nation, Sterling Equities, Tipping Point Sports and Populous to build a field on site. Here is a summary of U.S.-based companies that will play a key role in building the new scenario for Ottawa senators.
Announcement 2
This ad has not yet been uploaded, but your article continues below.
Content of the article
Jeff Wilpon and Sterling project development
Jeff Wilpon, 60, is the executive vice president of the New York-based family business, Sterling Project Development.
In 1980, Wilpon’s father, real estate mogul Fred Wilpon, bought a one percent stake in the New York Mets baseball club. From 2002 to 2020, the Wilpons owned majority ownership of the National League team, until they sold their stake to hedge fund manager Steve Cohen for $ 2.4 billion.
During the Wilpons ‘tenure, Jeff oversaw the construction of the Mets’ new ballpark, Citi Field, in Flushing, NY, arriving on time and below budget.
But the mandate of the Wilpons as majority owners was difficult.
This is how the New York Times story described Wilpon’s years in a 2019 story.
Announcement 3
This ad has not yet been uploaded, but your article continues below.
Content of the article
“At the best of times, the Wilpons, self-made billionaires from the city’s suburbs, shone like generous philanthropists who occasionally made the bench for a star player. At worst, they were a clan. disputed and disorganized with a baseball team that fans considered inept and thrifty, and that functioned as a work of vanity for the family’s descendant, Fred Wilpon, and his eldest son, Jeff, who has overseen a team with mostly results disappointing since 2002 “.
The same story described Jeff as “aggressive and short-sighted.” Jeff, who as his father had a short career as a professional baseball player, was accused of being a micromanager who got too involved in the club’s operations.
Jeff Wilpon also owns the New York Excelsior, a professional video game team.
Announcement 4
This ad has not yet been uploaded, but your article continues below.
Content of the article
The Wilpon family were notable investors with the convicted swindler Bernie Madoff, who lost $ 700 million in Madoff’s ponzi scheme.
Sterling was also a partner on the new stage for the NY Islanders Stadium, the UBS Arena.
Sorry, this video could not be uploaded.
Turning point sports
Tipping Point Sports presents itself as a “boutique sports consulting and financing company.” Based in Cherry Hill, New Jersey, Tipping Point and its general manager Mitchell Zeits, include the NHL Florida Panthers as clients he has advised on building new venues along with the Cleveland Cavaliers and Detroit Pistons of National Basketball Association.
The Tipping Point website says Ziets “plays a critical role in providing financial advice to both teams and municipalities looking to build arenas and stadiums.” This advice includes these things, due diligence, a public-private partnership strategy, and the negotiation of development agreements.
Announcement 5
This ad has not yet been uploaded, but your article continues below.
Content of the article
His company’s clients include the Cleveland Cavaliers, Detroit Pistons and Florida Panthers in arena matters. Elsewhere, Ziets acts as Chris Hanson’s financial strategist linked to the development of a new Seattle center. In Phoenix, it is providing investment banking services for the Coyotes as they explore the construction of a new arena. In Oakland and San Diego, he offers financial advice on efforts to build new NFL stadiums in these two markets. In the Bay Area, its client is the city of Oakland. In San Diego, he is helping JMI Realty while the Chargers propose a downtown stadium linked to the expansion of a convention center.
Poblat
Populous is a global architectural design firm that has built venues such as the Climate Pledge Arena for the Seattle Kraken, the T-Mobile Arena for the Golden Knights in Las Vegas, the Videotron Center in Quebec City and Tottenham Hotspur Stadium in London. , England. Formed in 2009, Populous has developments in 34 countries around the world.
Announcement 6
This ad has not yet been uploaded, but your article continues below.
Content of the article
Living Nation
Live Nation Entertainment was formed in 2010 in a merger of Ticketmaster and Live Nation and is the world’s largest event promoter.
Its president is Canadian Michael Rapino, who was born in Thunder Bay and was named president and CEO of Live Nation in 2005 and continued in that role with Live Nation Entertainment after the merger.
A graduate of Lakehead University, Rapino began his career promoting small Canadian artists and later worked in sales and marketing for Labbatt Breweries.
Live Nation Entertainment opened an office in Ottawa in 2017 and has brought to the city highly successful events such as Justin Bieber in March and Maroon 5 in August. It also sponsors music festivals such as Escapade, which is being held this weekend at Lansdowne Park.
Announcement 7
This ad has not yet been uploaded, but your article continues below.
Content of the article
After nearly two grueling years for the concert industry due to the COVID-19 pandemic, Live Nation recovered in late 2021, hosting 17,000 concerts for 35 million fans, mostly in the United States and the United Kingdom. United.
The industry has recovered even more this year, with more than 70 million tickets sold, a 36% increase over 2019 that the company attributes to repressed demand for live shows.
Live Nation also hosts events in the lucrative field of mixed martial arts.
It presents itself as the “world’s leading live entertainment company,” hosting 40,000 shows a year, more than 100 festivals and selling half a million tickets worldwide.
The company is headquartered in Beverly Hills, California, and employs 44,000. Live Nation Canada is headquartered in Vancouver.
Also: Ottawa senators win bid for arena in downtown LeBreton Flats
with archives of Bruce Garrioch
Share this article on your social network
Announcement 1
This ad has not yet been uploaded, but your article continues below.
Sign up to receive daily news from the headlines of Ottawa Citizen, a division of Postmedia Network Inc.
By clicking the sign up button, you agree to receive the previous Postmedia Network Inc. newsletter. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300
Thanks for signing up!
A welcome email is on its way. If you don’t see it, check your trash folder.
The next issue of Ottawa Citizen Headline News will soon be in your inbox.
We encountered a problem registering you. Please try again
Comments
Postmedia is committed to maintaining a lively but civil discussion forum and encouraging all readers to share their views on our articles. Comments can take up to an hour to moderate before appearing on the site. We ask that you keep your comments relevant and respectful. We’ve enabled email notifications – you will now receive an email if you receive a response to your comment, there is an update to a comment thread you are following, or if a user is still commenting. Visit our Community Guidelines for more information and details on how to adjust your email settings.