Ottawa Senators will purchase a project of a major landmark attraction in LeBreton Flats. The National Capital Commission has reached a memorandum of understanding with the committee led by the Ottawa Senators.

The National Capital Commission announced this at its board meeting on Thursday morning. It aims to sign a lease agreement for the site by fall 2023.

Katie Paris, head of the LeBreton project, told the board: "This is the first step in a very exciting city-building project and a fundamental transformation in the urban fabric that will become a landmark in LeBreton Flats and in the National Capital Region."

The committee led by (Ottawa Senators) also includes Sterling Project Development, Populous, Tipping Point Sports, and Live Nation.

Sterling Project Development is the real estate company that completed UBS Arena, the new arena for the New York Islanders.

Populous is a design company that has designed major sports facilities, such as Climate Pledge Arena in Seattle, T-Mobile Arena in Las Vegas, and Tottenham Hotspur Stadium in London, UK.

Tipping Point Sports is a sports finance consulting company and Live Nation is an entertainment company that produces concerts and festivals.

Anthony LeBlanc, President of Business Operations for the Ottawa Senators, said in a statement: "Today's announcement represents an important step toward a long-term vision, which is a downtown arena at LeBreton Flats. We believe this development will have a significant impact on both the National Capital and the region as a whole, an area that will help shape the city's future."

In December, the National Capital Commission (NCC) launched a request for expressions of interest in two parcels of land at LeBreton Flats, seeking "bold and significant" ideas to create tourist attractions in the capital.

The first site was a six-acre plot along Albert Street between City Centre Avenue and Preston Street, while the smaller site was a 1.2-acre plot along the Ottawa River.

The NCC released some details about the proposals submitted for the land redevelopment, and said in April it had received "multiple offers".

Edited by: Dima Abu Khair