Ottawa·NewOttawa’s Lansdowne 2.0 redevelopment faces risks including a tight construction timeline, tariffs, Redblacks attendance and the uncertainty around signing a deal until 2075, according to the city’s auditor general office.Risks both in tight construction timeline, stretching deal until 2075CBC News · Posted: Nov 03, 2025 9:05 AM EST | Last Updated: 16 minutes agoListen to this articleEstimated 2 minutesBreaking down the numbers in Lansdowne 2.0’s final reportThe CBC’s Kate Porter dives into the project’s costs and how the city plans to fund the redevelopment plan.Ottawa’s Lansdowne 2.0 redevelopment faces risks including a tight construction timeline, tariffs, Redblacks attendance and the uncertainty around signing a deal until 2025, according to the city’s auditor general office.In a report released Monday, the office takes another look at the $419 million development of the housing, retail and sports hub along the Rideau Canal in the Glebe.It raises concerns that the city’s 10 per cent contingency fund may not cover extra costs, leaving taxpayers to pay for more of the project. The way the city is relying on Ottawa Redblacks revenue growth could also leave it short, it said, while delays with tight timelines to finish the new arena and northside stands and towers could cost it penalties in its deal for the towers.In the short term, there’s uncertainty around alumimum, steel and other tariffs. In the long term, it’s very hard to predict what market conditions will be out to the end of the proposed deal with the Ottawa Sports and Entertainment Group in 2075.The audit finds the city’s assumptions for retail money and revenue from events at the new arena are reasonable.The city’s audit committee will hear from auditor general Nathalie Gougeon on Tuesday. City council is expected to vote on the project’s final approval Friday.More to come.
Audit sets out Lansdowne 2.0 turning points
