(Posted 6:30 a.m., March 2)
Work to begin on Sensplex East after city signs P3 contract
By Fred Sherwin
Orléans Online

Work will soon begin on a major new recreation complex near Canotek Park after the City of Ottawa signed a private public partnership with Ottawa Community Ice Partners.

The $26-million facility will include four ice pads and replace the aging Potvin Arena on Shefford Road. Work is scheduled to begin this summer with the facility expected to be open by September 2014.

Under the agreement the city will provide the land for the project and guarantee any financing required for construction. They will also contract out the day-to-day operations of the facility to Capital Sports Management, which is a subsidiary of Ottawa Community Ice Partners, for a period of 30 years, after which, ownership of the building will revert back to the city for $1.

Capital Sports Management will be paid a base fee of $171,000 per year, which will escalate by two per cent per year. The city will also contract 2,227 hours of ice time from Capital Sports Management at $222 per hour. The City will then rent the ice time to local organizations.

The city will also receive 50 per cent of any revenue generated in excess $250,000 in any given year only when all conditions of the Agreement are met and the capital reserves are kept current. Any shortfall in meeting these financial commitments will result in the payment of the base management fee only.

Since all operating expenses associated with the Potvin Arena will be transferred to the Capital Sports Management, total base budget savings of $32,000 will be achieved in the first two years of operation.

Architect's rendition of the planned hockey complex to replace the Potvin Arena on Shefford Road. EMA Architects - Ottawa Senators

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