When Graeme Roustan tried, and failed, to forge a public-private partnership to build an NHL-sized arena in suburban Toronto, many of his detractors portrayed him as a snake-oil salesman who would leave taxpayers on the hook for millions of dollars.
Much of that sentiment was based on the fact Roustan had been found by a Texas jury in 2009 to be liable for statutory fraud in his dealings with a Fort Worth couple with respect to an indoor rink there. Well, as it turns out, Roustan appealed the ruling and the lawsuit was dropped. In his final judgment on the case, Judge J. Wade Birdwell of the District Court of Tarrant County, Texas wrote, “Plaintiffs have announced they no longer seek and agree to dismiss and withdraw their claim of statutory fraud against all the Defendants.” Read more
The people and politicians of the Toronto suburb of Markham have spoken. And their message is they don’t want to assume an ounce of risk when it comes to building an NHL-sized arena in this town. And good on them for that. This corner has said from the start that if people here thought the deal for an arena was a bad one, they should reject it.
What happens now is a lot more confusing. Some are saying the deal, and any possibility of an NHL team that would come with it, is dead. Others think this is just the kind of kick-start this project needs.
This much we know. The city council in Markham rejected a financial framework which would have seen it lend $162.5 million to venture capitalist Graeme Roustan to build a rink. We also know now that it will be up to the private sector to raise all $325 million it will cost to build the rink. Does that mean the possibility of the rink is dead? Well, it all depends on perspective.
Decision day in Markham is here.
Barring the unforeseen, the city’s council members will vote tonight on whether to accept or reject plans for a proposed NHL-sized arena. If the financial framework is passed, the conversation about a second team in the Toronto area will immediately be stoked. Because, despite the rhetoric, that’s what this gambit is all about.
And that’s when the real excitement begins.
The people most directly involved with building an NHL-caliber, 20,000-seat rink in suburban Toronto held another news conference Saturday. The mayor of the City of Markham, Frank Scarpitti, talked about the rink being the permanent home for the Clarkson Cup, an off-shore team in a Chinese professional basketball league and perhaps even an Ontario League team.
But this rink, the GTA Centre, is about the NHL. Always has, always will be. Everyone involved in this project is tiptoeing around the subject of an NHL team because they all want to play nice. But nobody is going to take on a project like this one without visions of an NHL team dancing in their heads. I’ll write this again so everyone knows it: the NHL is the end game here. And as the City of Markham closes in on a crucial vote on whether or not to accept the financial framework Tuesday night, that’s a crucial point
“What I can promise the City of Markham and the residents of Markham is that nobody will work harder than me at attracting hockey at every level possible,” said Graeme Roustan, chairman and CEO of GTA Sports and Entertainment. “I’m going after everything. And for those of you who know me…I go after everything 100 percent, seven days a week and 24 hours a day.”
Does that sound like somebody who wants to fill his building with Bruce Springsteen and Trans Siberian Orchestra concerts? And the prediction here is that if the GTA Centre gets its vote next Tuesday night and this building becomes a reality, the push for an NHL team will begin immediately. Read more
As the monumental NHL-Rogers broadcast deal rips through the landscape like a seismic shift, there are myriad scenarios to be played out and questions to be answered.
For starters, does this signal the beginning of the end for BCE as stakeholders in MLSE? You’d have to think they’d want to divest themselves of properties they share with Rogers.
The really big aftershock, however, would be if the deal applies greater pressure for the NHL to place another team in Canada.
When it comes to the prospect of building an NHL-caliber arena in the Toronto area, it has long been the opinion of this corner that if the taxpayers and elected representatives in the suburb of Markham truly believe this is a bad idea and is a boondoggle waiting to happen, they should absolutely kill the project and run those who are heading it out of town.
But they should also do so based on facts, not innuendo or suspect information. Less than three weeks before the Dec. 3 council vote on whether to accept or reject the financial framework, former Maple Leaf Sports and Entertainment president and CEO Richard Peddie weighed in on the matter, calling into question almost every aspect of the project, saying its numbers are “bogus” and the group is going about things all wrong. Read more
It’s probably safe to say NHL commissioner Gary Bettman has no problem with Maple Leaf Sports and Entertainment president and CEO Tim Leiweke taking down pictures, planning parade routes and comparing Toronto mayor Rob Ford to Tommy Boy. In fact, if he has a sense of humor, he’d find that last one pretty funny.
But when it comes to Leiweke sounding off concerning league business, specifically expansion, I’m willing to bet there’s a fair bit of steam coming out of Bettman’s ears this morning. Leiweke has come into Toronto with his guns blazing to be sure, which isn’t necessarily a bad thing, but those who know Bettman say he absolutely abhors when anyone steps out of line and comments on things that are out of their purview. Look at the last lockout. Nobody stepped out of line with comments. Do you hear any other executives ever talking about expansion? Didn’t think so. Read more
A proposed new NHL-caliber arena for the Toronto suburb of Markham got a huge boost Monday when it was announced that a major land transfer agreement has been reached between one of Canada’s biggest land developers and the City of Markham. Read more