New baseball stadium: a yes under certain conditions for Ivanhoé Cambridge

New baseball stadium: a yes under certain conditions for Ivanhoé Cambridge

The president of the real estate arm of the Caisse de dépôt et placement du Québec (CDPQ) says she is ready to contribute to the construction project for a new baseball stadium in downtown Montreal, but not at any cost.

“We will certainly not associate our name with Caisse [à ce projet], if only to have this object [un stade]. That would not make sense, warns Nathalie Palladitcheff.

• Also read: Major baseball in Montreal: Denis Coderre plays it safe

• Also read: Baseball returns to Montreal: Legault government accused of serving “billionaire friends”

On the sidelines of a conference at the Canadian Club of Montreal yesterday at noon, the patron saint of Ivanhoé Cambridge confirmed that he had discussions with the team of promoters hoping for a professional baseball team to return to the metropolis.

– We discussed with the team. We are trying to see what role we can play. It is still preliminary. It is still too early to say. […] House [leur] said that if they were looking for someone and if they were interested in what we work together, we would look at the global [l’ensemble du projet] “.

This multi-million dollar stadium project at Peel Basin is led by Stephen Bronfman (Claridge). It benefits from the support of businessmen, including Eric Boyko (Stingray), Stéphan Crétier (GardaWorld) and Mitch Garber (Cirque du Soleil).

  • Listen Adbelfadel-Vallières meeting with Yasmine Abdelfadel and Dominic Vallières on QUB radio:

Last Friday, Minister of Economic Affairs and Innovation Pierre Fitzgibbon confirmed Newspaper work on setting up different financing scenarios for the project.

An announcement would even be planned, after the November 7 municipal election, to convey the details of a sports federation, in shared custody, between the cities of Montreal and Tampa Bay.

“Personally, it is not the stadium that interests me so much. But rather everything that can be done around. […] That is, a real district built in the 2020-2030 way. With an affordable housing component and technological components […]. For me, this would be the opportunity to complete the current real estate offer. “

Listen to the interview of Quebec Solidaire MP Vincent Marissal with Benoit Dutrizac on QUB Radio:

For number one of the real estate arm in Caisse, Montreal lacks rental housing. After years of hectic apartment construction, she thinks so
Griffintown will benefit from developing an offer on rental buildings that are affordable and adapted to the youngest.

“It is clear that developers and sellers of land are looking for the best price. And the best price today are apartments. But does it still match a request?”

In the face of this project, Caisse’s responsibility is to ensure, she says, that it really finds its place in the “mosaic of Montreal”. The CEO says that she learned about Ivanhoé’s involvement in the development of the New York Islanders’ new amphitheater.

“We are really in a neighborhood view, more than in a building vision. […] A stadium without anything around would quickly become an area where people do not often visit as soon as the match is over. If it is, it is missed. “

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