Lansdowne 2.0: Final Report and Next Steps

The Lansdowne 2.0 Redevelopment and Authorization to Proceed report is now available. This comprehensive document outlines the final recommendations for City Council’s consideration as part of the phased approval process for the Lansdowne 2.0 renewal project.

Following on the April 2024 Council approval of a Design-Bid-Build project delivery model, City staff have completed the detailed facility design, received site plan approval for the new facilities, successfully tendered the construction design to pre-qualified general contractors, and successfully tendered the strata property rights (subterranean and air) for a mixed-use development opportunity.

Construction Contract

EBC Inc., a leading Canadian construction firm, submitted the best value bid of $312.8 million for the new Event Centre and North Side Stands.

Air Rights Development

Mirabella Development Corporation has been selected as the preferred proponent for the mixed-use development, with a winning bid of $65 million—up from the original $39 million estimate.

Project Budget Update

The total project budget is now $418.8 million, a reduction of $279,000 from the original estimate. Despite a slight increase in debt servicing costs, the City’s share has decreased from $5M to $4.3M due to improved revenue projections.

Next Steps:

City staff will present the final construction pricing and funding strategy to the Finance and Corporate Services Committee on October 29, with final Council consideration on November 7.