Committee receives follow-up report of Lansdowne 2.0 redevelopment proposal

The City of Ottawa’s Audit Committee met right now to evaluation a follow-up report of the Lansdowne 2.0 redevelopment proposal. 

The report by the Office of the Auditor General (OAG) is a follow-up to the 2024 Agile Audit of the Lansdowne 2.0 Redevelopment – Sprint 1. The new report reviewed the standing of a advice for the City to replace future assumptions and monetary projections of Lansdowne 2.0. 

The Audit Committee heard right now that the OAG now considers that advice full. The follow-up report made three extra suggestions to raised handle dangers. 

The new suggestions relate to managing the danger to the development price and contingency; clarifying the challenge’s reasonably priced housing contribution with Council; and guaranteeing monetary projections are reviewed and reported to Council yearly. 

City employees confirmed their settlement with every of the three new suggestions. 

Staff dedicated to offering semi-annual development standing updates to Council starting in 2026, and to proceed offering annual updates on the monetary projections for the City’s partnership with the Ottawa Sports and Entertainment Group. These updates are contingent on the Lansdowne 2.0 report being accredited by Council at its particular assembly scheduled for Friday, November 7. 

The employees report to be thought-about by Council is the sixth report within the step-by-step approval course of for Lansdowne 2.0, following Council’s 2021 choice to switch TD Place Arena and the north facet stands. 

The challenge centres on changing the prevailing enviornment with a brand new, municipally owned occasion centre and rebuilding the north facet stands. The plan additionally contains the development of a brand new retail podium, which can stay City-owned, and the event of two residential towers by a personal developer. 

You can learn extra concerning the redevelopment proposal on Engage Ottawa.