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Halifax stadium and entertainment district proposal fails to gain traction: developer
The $1.5 billion plan for a 25,000-seat stadium and 8,000 homes stalled after backers failed to provide a business case or proof of capital.
- An ambitious $1.5-billion stadium and entertainment project by U.S.-based Ridgehaven Holdings near Halifax Stanfield International Airport has collapsed after talks fell apart last year when the bid lacked key planning elements.
- Jason Brunt, president of Halifax-based Clayton Developments, says the proposal lacked a business plan, feasibility study, financial analysis and proof of capital.
- The proposed development was designed to include a 25,000-seat multi-use stadium, entertainment district and 8,000 homes near the airport.
- Brunt confirmed the land parcel has been sold to another buyer, while Delaware-based representatives declined to comment on the collapsed bid.
- With the land now in other hands, Halifax's development landscape shifts away from the Ridgehaven vision after Clayton Developments opted to pursue alternative qualified bidders.
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An ambitious project to build a stadium and recreation complex near Halifax seems to be in jeopardy.
Halifax stadium, entertainment hub proposal fails to gain traction
An ambitious plan to build a stadium and entertainment hub near Halifax appears to be on shaky ground. A local business leader involved in initial discussions about the venture says talks last year with U.S.-based Ridgehaven Holdings fell apart when it became clear the bid lacked key elements.
·Canada
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Total News Sources15
Leaning Left6Leaning Right0Center3Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 33%
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