Bagnall: What could be the issues between Melnyk and Ruddy? - News Summed Up

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Bagnall: What could be the issues between Melnyk and Ruddy?


Ottawa Senators owner Eugene Melnyk openly mused last summer about the risks in the $4-billion project to remake LeBreton Flats. His goal was to determine whether Ruddy’s plans to add thousands of condominiums just outside LeBreton Flats would undercut the economics of the RendezVous LeBreton project. The NCC on Thursday gave Ruddy and Melnyk until January to sort out their differences. The Ottawa Senators and Trinity prepared their bid when Melnyk was recovering from his May 2015 liver transplant. Sources say that when Melnyk’s health improved, he began pushing for better terms within the RendezVous LeBreton partnership.


Source: National Post November 23, 2018 02:41 UTC



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