OTTAWA, Nov. 23, 2018 /CNW/ - Capital Sports Management Inc. (CSMI), announces that it has commenced legal proceedings against Trinity Development Group Inc., John Ruddy, Graham Bird Associates, and Graham Bird, seeking damages arising out of a failed joint venture between Trinity and CSMI.
CSMI, the founding partner of RendezVous LeBreton Group, and Trinity entered into a partnership to develop a 21-hectare historic property located in downtown Ottawa known as LeBreton Flats. The redevelopment project is being spearheaded by the National Capital Commission.
The two companies were not able to finalize a master development agreement that would have resulted in the construction of a new sports and entertainment arena, as well as a mix of residential, retail, commercial and hotel properties in Ottawa's downtown core. CSMI's statement of claim alleges a number of breaches, all arising out of a conflict of interest, that directly resulted in the failure of the partnership.
Court File Number: 18-78521, Ontario Superior Court of Justice
SOURCE Capital Sports Management Inc.
For further information: Robert Brush, Counsel for CSMI, Crawley Mackewn Brush LLP, 416-217-0822