The term loan provided by Her Majesty the Queen in Right if the Province of Ontario as represented by the Ministry of Enterprise, Opportunity and Innovation (the “Province”) was assumed by Capital Sports Properties Inc. and restructured in connection with the acquisition of the Corel Centre in Ottawa by Capital Sports Properties Inc. The loan was originally provided by the Province to Palladium Corporation, the former owner of the Corel Centre, to finance the construction of certain infrastructure improvements including a highway overpass to the Corel Centre. The transaction closed on August 25, 2003.
The Province was led by Neil McCallum and Susan Snelgrove. The Province was represented by Fasken Martineau Du Moulin LLP, with a team led by Jon Levin that included Scott Conover, Belinda James, Paul King, and Edmond Lamek.
Capital Sports Properties Inc. was represented by Cassels Brock & Blackwell LLP, with a team led by Sheldon Plener and including Bruce McNeely, Chris Besant, and Tom Kapsales.
The Province was led by Neil McCallum and Susan Snelgrove. The Province was represented by Fasken Martineau Du Moulin LLP, with a team led by Jon Levin that included Scott Conover, Belinda James, Paul King, and Edmond Lamek.
Capital Sports Properties Inc. was represented by Cassels Brock & Blackwell LLP, with a team led by Sheldon Plener and including Bruce McNeely, Chris Besant, and Tom Kapsales.
