Bronfman-Led Group Reaches Deal On Potential Montreal Ballpark Site
Montreal businessman Stephen Bronfman's investment firm Claridge and local real estate developer Devimco have "agreed on the development" of a ballpark in the city's Peel Basin area, where Bronfman's Montreal Baseball Project group "wants to build" a new ballpark for a potential MLB team, according to Pat Hickey of the MONTREAL GAZETTE. Devimco would "purchase the land from the Canada Lands Company and Claridge would act as a financial partner for the approximately 950,000-square-foot development" (MONTREAL GAZETTE, 5/22). The CP's Frederic Daigle reported it "wasn't clear how long completing the purchase would take." Bronfman said that he "hopes to make an announcement in the summer, but he isn't too hung up on dates." He added that planning is "underway but certain details could not be divulged." Former Expos Owner Charles Bronfman, Stephen's father, said that he is "convinced that his son's project is sound" and that a proper ballpark is "necessary for it to succeed." His advice to his son was to "remain patient" (CP, 5/22).