With public cash not likely, Eugene Melnyk exploring different avenues to finance new area – The Athletic

With public money unlikely, Eugene Melnyk exploring other avenues to finance new arena – The Athletic

It appears, Eugene Melnyk is exploring each and every road to finance the potential LeBreton Apartments redevelopment and a possible new area for the Senators. Endure with us thru some criminal stuff for a second.

In a document written by means of iPolitics’ Anna Desmarais, Eugene Melnyk’s Capital Sports activities Holdings Inc. – the mother or father corporate that owns the Ottawa Senators — has “signed John McKenna of Hansell McLaughlin Advisory to assemble strengthen for a pilot Immigration Investor Nominee Program in Ontario.”

Ontario Immigration describes the Ontario Immigrant Nominee Program (OINP) as:

“An financial immigration program designed to assist Ontario meet its labour marketplace and financial construction priorities. This system permits Ontario to appoint, for everlasting place of dwelling, people who have the talents and enjoy to give a contribution to Ontario’s economic system, and assists employers in recruiting and maintaining overseas employees.”

The wrinkle is that Capital Sports activities…

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