Ottawa, December 19, 2018

It is with regret that we take note of the NCC’s decision to terminate the process under which we were pursuing the historic redevelopment of LeBreton Flats.

For over a year, we have tried to resolve our concerns about the flaws in the economic model for the redevelopment, both within the context of our private negotiations with the NCC and then publicly since November 22, 2018.

After the NCC decided to extend its final decision until January, 2019, we formally requested that the Crown corporation meet with the parties in an effort to determine how best to mediate a resolution to these challenges. To our dismay, the NCC rejected both requests.

Despite our best efforts to resolve the impasse as late as yesterday, we were unsuccessful in bringing our vision to fruition.

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