Ottawa out of money?

Like you, I certainly wasn't comparing the Renegades and OSEG either. Quite the opposite. There are some similarities (multiple person ownership and involvement in other sports), but the key differences in their approach (both in terms of mindset and from a business standpoint) underscore why one appears to be headed for success while the other started circling the drain in no time.

90 per cent of the condos are sold and 92% of the retail space is leased. OSEG should be happy with that, no money worries.

http://www.ottawasun.com/videos/3657723698001

Perhaps there may be some other cities and provinces that see this and can see what the future of a successful project may look like

The Ottawa Fury home opener July 20, two days after the REDBLACKS is projected to have 15,000 fans, which would be a record for the North American Soccer League. That is more revenue for OSEG (and the football team)

This is also a part of the greater plan bringing a second full time tenant of the OSEG manged stadium giving what would be an additional 20 more sports events to add the the 10 football events. This is why John Pugh was part of the OSEG. Pugh already had a full men's and Women's soccer programs in place from the youth and academy levels. Moving the PDL Ottawa Fury up to a professional NASL club.
There are two other home weekend double headers with a CFL Friday game to a NASL Sunday game. which will likely come with a weekend special for both games. This is aside from having the suites for TD Place able to be bought as a package deal for both a standard 10 CFL games and about close to 15 to 20K NASL regular season games with likely season ticket holder probably getting a Voyagers cup home game as part of their season ticket package.
Also likely season ticket option of an 11th game as part of the Gee Gee vs Ravens Panda game with ticket and suite availability after the Ravens and Gee Gees season ticket holders first dibs.

Hamilton also likely adding a NASL club of its own as early as 2016 under the TiCats umbrella for the additional game dates that a second tenant will provide.

The Fury already took advantage of the bigger Keith Harris stadium part of a spring NASL and the first two weeks of the Ottawa Fury W league game.
I would expect to see the Vanier cup, being hosted at TD Place in the very near future, also being an option for season ticket holders.

From the REDBLACKS website:

[url=http://www.ottawaredblacks.com/article/lansdowne-park-re-launch-nears-on-time-and-tracking-well]http://www.ottawaredblacks.com/article/ ... cking-well[/url]

"Free wifi" - that's great I will be able to listen to the game on my IPod at the home opener instead of carrying an AM radio

Do most of the stadiums now include free wifi as well?

Part of what you don't know is that the Fury Players hit the elementary and High schools on the final week of the school year, handing out comp vouchers to just about everyone. My kids got 6 of them to pretty much the remainder of the season.

This has NOTHING to do with football. No relation, no football ticket needed, nothing.

Actually hitting the Fury at the grass roots level even with Comp tickets for their secondary tenant to hook them early on the sport of soccer. Also very little known about the Fury for most people is that they started as a PDL team back in '07 I think along with a W league team and a youth type academy system and equal and seperate system for both boys and girls. Female players especially that have come through the Ottawa Fury youth system are all over university, pro, and National level teams.

Yes, it's a great idea, it's a new team and new sport. You get the kids into the stadium and not only will they come back but they will buy merchandise, concessions etc. maybe not beer, but hopefully they will bring their parents.

It is the model that Jeff Hunt implemented with the 67s when he bought the team. 67s games always look 3/4 or more filled but, for regular season games, a large portion are discounted promo tickets and giveaways to get bodies in the building, focusing on kids. Any of us who have taken a child to a junior game know that the ticket is the cheapest part of the night (even at full price).

Many may also be playing in the Fury Youth programs as well.
I will be interested to see if the Fury and OSEG may move a W-League game or two from Algonquin to TD as part of a Men's Women's double Header on a weekend where both are home and there is an away CFL game.
OSEG plan is to cross promote and could extend that to the Fury Men's and Women's pro soccer teams. It seems like the W-league Fury first two home games combined with the NASL games at Keith Harris seemed to have a level of success.

Another good sign.

[url=http://www.obj.ca/Local/Sports-and-entertainment/2014-07-11/article-3796315/RedBlacks-score-big-with-corporate-sponsors/1]http://www.obj.ca/Local/Sports-and-ente ... sponsors/1[/url]
The Ottawa RedBlacks just opened their inaugural season, but they’re already big winners off the field when it comes to generating sponsorships, the team’s ownership group says.

“The corporate community has reacted very positively to the launch of the RedBlacks and to the whole project that OSEG is leading,? Adrian Sciarra, the Ottawa Sports and Entertainment Group’s vice-president of partnerships and merchandise, said last week.

Mr. Sciarra, who spent five years in charge of the CFL’s corporate partnership and licensing agreements before joining OSEG last September, said the team is “well over 80 per cent? of the way to hitting its sponsorship revenue targets for the year.

“We’re on track and we should get there,? he said, adding the RedBlacks should have between 50 and 60 corporate sponsors by the time the team’s home opener at TD Place kicks off on July 18.

Mr. Sciarra declined to discuss financial details of the agreements.

OSEG has announced several major partnerships with national corporations this year.

In January, TD Bank inked a “lengthy? deal for the naming rights to the refurbished stadium and arena at Lansdowne Park worth seven figures annually. A month later, Labatt signed a multi-year agreement to sell beer at the park that makes Budweiser the official brew of the RedBlacks, the North American Soccer League’s Fury FC and the Ontario Hockey League’s Ottawa 67’s. Meanwhile, PepsiCo holds the exclusive soft-drink rights at Lansdowne.

Other national sponsors of the RedBlacks include Mr. Lube, Napa Auto Parts, Real Sports Bar and Grill and CAA.

OSEG will soon announce details of a major deal with Telus making it the organization’s official telecommunications provider, Mr. Sciarra said. As part of the agreement, the company will offer free wifi at the park, launch an official RedBlacks smartphone app and provide “fan-friendly? technology at TD Place, he said.

Companies close to home are also getting in on the action. Ottawa-based Gabriel Pizza has come on board as the official pizza supplier for all sporting events and concerts at Lansdowne. OSEG is also hammering out a sponsorship deal with a local car dealership, Mr. Sciarra said.

The CFL has a checkered past in the capital, which has seen two previous franchises collapse thanks to mismanagement, bad ownership and poor on-field performance. The Rough Riders folded in 1996 after 120 years in existence, while the league’s second incarnation in the city, the Renegades, lasted just four seasons before packing up in 2005.

“There have certainly been questions about our past and our history and what makes the third time the charm,? Mr. Sciarra conceded. “We’ve had to address some of that, but for the most part, we’ve been met with a lot of enthusiasm and excitement for what’s going on.?

Three main factors have put doubters’ minds at ease, he said – the team’s strong group of local owners with deep pockets, the excitement surrounding the revamped stadium and the resurgence of the league itself, which has been riding a wave of rising revenues and television ratings.

“The CFL is just in a different place right now than it’s been in the past,? said Mr. Sciarra, who worked at NASCAR Canada for four years before jumping to the CFL. “It’s very strong – it’s stable.?

Merchandise sales at the team’s two stores at Fifth Avenue Court and Ogilvie Road have also been brisk, he said, suggesting the city’s fans are welcoming the CFL back with open arms.

“The reality is we really haven’t yet shown the market the full depth of what’s available,? Mr. Sciarra said, adding the club will roll out more official products when it opens its retail outlets at TD Place later this month. “We’re just getting started, but so far, so good.?

Good stuff

That is a good sign for Ottawa and other CFL teams and even expansion. The Community owned teams are a model that is working for the current three clubs that already have it. Moving forward this would be the kind of model that would enable other CFL teams to be successful. Calgary is now part of a similar ownership set up with the NHL Flames owning the stamps and other franchises.
Single ownership teams will not be able to survive without having some other assets tied to their brand in the form of a partnership of some kind.
Hence why the Argo's are struggling so much.
Hamilton is moving in the right direction with its parntership with the city and new stadium and Tim Horton's also a future tied to an NASL team possible
Montreal has a unique deal with the McGill and the stadium which has kept them viable for now.
The Lions have been lucky in that the Province has seen the value in owning a major modern venue that is able to and willing to sponsor huge events such as the Grey Cup. BC place also is a football stadium first which helps as well. This makes the club valuable asset for an ownership group

Ottawa is not a community owned team. It is a very rich ownership group, 3/4 of which have very deep pockets and Jeff Hunt has local success running the 67s.

OSEG is a for profit group, I expect they will stick with the Communist African Americans but from day 1 the CFL team was a hook that the 3/4 of ownership with a real estate background used to get the untendered right to develop land that nobody expected would ever be opened up for development (hence no other previous bids). It was a BRILLIANT play, and I tip my hat too them from a free-market economy perspective

I know. They are part of a new model that is going to be what CFL teams will be successful with. They are the second or two CFL teams using the multi team model. The Stamps being the first when the Flames bought the controlling stock.

My apologies, I read your post as linking them with community ownership. The stadium/team/development model is the preferred approach for almost every new stadium in North America these days. The principal difference is whether the team gets the land and development rights, or the city builds the team the stadium as a part of a larger city directed recovery project (e.g., nationals park). It can be especially effective as it can revitalize entire neighbourhood. It goes as far back as Orioles Park at Camden Yards, which was part of the inner harbour revival.

Yes, and those "free market guys" have allowed the City (taxpayers) to collect property tax on the condos, the LCBO, the movie theatres, the bars, restaurants and shops. That is millions coming into city coffers that were not there before. The city had to maintain that useless area which was used for a parking lot in the summer. it cost the city $2 Million a year just maintain the stadium and the area. The City will be collecting over $5 Million in property tax alone which is on top of the annual pay back that OSEG will make to the city.

As I understand it, the "payback" is a sharing of profit above a pre-defined level. As an Ottawa taxpayer I consider that a bonus as it is a variable amount and can be less reliably booked into budgets. We won't know until a few years in how much the City will benefit.

Other than the CFL team (which is an emotional benefit, not financial), the OSEG plan is pretty much a zero sum game. Either the millions you speak of go exclusively to the stadium costs, and all City services are provided free of charge to the new business/residents, or those revenues are shared across all City services and the cost of the stadium is born by all taxpayers. And, as I recall, the property taxes collected will be less than the annual cost of financing the stadium, so the "payback" is key to the whole thing form a financial perspective. To be a "true" windfall for the City the new property taxes and the payback will have to exceed the carrying costs for the stadium plus the property tax that would have been collected if the stadium element was left out and just the development undertaken.