The partnership between Ottawa Sports and Entertainment Group and the City of Ottawa has yet to generate net positive cashflows.

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Despite having a “successful year” with 188 events at TD Place, Lansdowne Park had an overall net loss of $11.1 million for the fiscal year ending March 31 — $1.9 million higher than the previous year. Article content

The City of Ottawa owns the land and all buildings at Lansdowne and entered into a partnership with the Ottawa Sports and Entertainment Group (OSEG) in October 2012. Article content Article content

But the partnership has posted net financial losses for every fiscal year and has yet to generate net positive cashflows, said an update to be presented to the city’s finance and corporate services committee on Oct. 29.

TD Place

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