After a tense six-hour debate, Ottawa City Council approved the Lansdowne 2.0 redevelopment project by a narrow 15-10 vote. This decision marks the culmination of years of discussion about the future of Lansdowne Park.
The $419 million project focuses on modernizing the Lansdowne stadium's Event Centre and the north side stands at the city-owned park. Key improvements include:
While currently sound, Lansdowne’s structure is deteriorating, prompting many councillors to urge timely action. Ward 1 councillor Matthew Luloff emphasized the risks of inaction:
“Doing nothing is not a neutral choice. The roof keeps leaking, the structure keeps aging, and the people under that roof keep paying for the consequences.”
The redevelopment will result in the city taking on $340.2 million in public debt. This debt will create a long-term taxpayer obligation estimated at $17.4 million per year from 2036 to 2070, irrespective of the project’s financial returns. Ottawa’s financing strategy hinges on a multi-faceted model including future revenues and asset sales to manage the debt.
Author’s summary: Ottawa's City Council has approved the controversial Lansdowne 2.0 project, committing $419 million to upgrades with a long-term financial impact on taxpayers.