Lansdowne Park 'will do better' next year, OSEG CEO says

It's been more than ayear since the first shops and businesses started opening at the redeveloped Lansdowne Park and now 95 per cent of those retailspaces are filled, according to theOttawa Sports and Entertainment Group.

ButDavidChernushenko, the councillor for the area,told CBC News it's still too early to tell whether the$200-million spent to redevelopLansdownePark was a success as the first financial report is not due until December.

The City of Ottawa is expected to get the money it invested back over the next 40 years but it could be more than a decade before itstarts to come in,Chernushenko said.

"It was a very optimistic [goal] that everything had to go right. All the retail space had to be rented and those retailers had to make a good profit," he said. "Teams had to do well, you know, seats filled."

Construction almost done

Milestones was one of the first businesses to open at Lansdowne Park last fall.Tom Christie, the restaurant's general manager, said it's been a rocky start to draw customers in.

"It hasn't been everything that we expected it to be, for sure, but at the same time, Ottawa is taking a long timeto come around to the area," he said."We were expecting a lot more foot traffic. Like more of a mall feel."

OSEGsaid that1.5 million people have visitedLansdowneso far this year and thattraffic is expected to increase as construction wraps up and residents move into the site's20-storeycondo building.

OSEGCEO BernieAshesaid he hopes the site's office tower will be fully leased by the end of next year.

"I think next yeareveryone will do better when the office tower is full and the condo towers are full and all the event load continues to grow," he said.

He added that playoff games involving both the OttawaRedblacksand Ottawa Fury are expected to draw large crowds this fall.