Project Financing Closes for Four Pan American Games Facilities

Ontario Infrastructure and Lands Corporation signed a contract with Ontario Sports Solutions, a consortium led by Bouygues Building Canada Inc., Kenaidan Contracting Ltd. and Fengate Capital Management Ltd., to design, build and finance the Pan Am Games Hamilton Soccer Stadium, York University Athletics Stadium, Milton Velodrome and Toronto Tracks. The value of the contract is approximately $206.1 million. The stakeholders of the project and the facilities include the Government of Canada, Province of Ontario, Toronto 2015 (organizing committee) and the facilities' owners, the City of Hamilton, York University, the Town of Milton and the City of Toronto.

The four facilities will be used to host various events during the Pan American Games and the Parapan American Games. It is anticipated that the Hamilton Soccer Stadium will house 22,500 seats with a capacity to expand to 40,000 seats; the York University Athletics Stadium will house 3,000 seats, with a capacity to expand to 12,500 seats; and the Milton Velodrome, a Union Cycliste Internationale certified velodrome, will house 1,500 seats, with a capacity to host 2,500 spectators. The new Toronto track and field facilities will replace existing facilities at Birchmount Park, Centennial Park and the Toronto Track and Field Centre. After the games, all facilities will continue to serve the communities of the City of Hamilton, York University, the Town of Milton and the City of Toronto. The four facilities are expected to be largely complete by September 2014.

Ontario Infrastructure and Lands Corporation's legal team was led in-house by Carolyn Currie, Legal Counsel, and David Ho, Director, AFP Services, and was supported by a team from Blake, Cassels & Graydon LLP. The Blakes team included Judy Wilson, Marianne Smith, Kate McGilvray, Michelle Chaisson, Agnes von dem Hagen, Theresa Chan, Alyssa Manji, Michelle Laniel, Victoria Allsopp, Abdul-Basit Khan, Gerry Swinkin and Joan Kennedy.

Ontario Sports Solutions was represented by Bull, Housser & Tupper LLP with a team that included Jay LeMoine, Greg Lewis, Richard Sarabando, Matthew Choi, Tamara Olding and Jenya Hammond; WeirFoulds LLP with a team that included Bradley McLellan, Dan Ferguson and Glenn Ackerley; and by Gowling Lafleur Henderson LLP with a team that included Paul Harricks and Rob Blackstein. Gowlings also represented Fengate Capital Management Ltd. with a team that included Paul Harricks and Rob Blackstein; and Kenaidan Contracting Ltd. with a team that included Darryl Brown and Samir Gassanov.

Financing for the project is being provided by Bank of Nova Scotia and Sumitomo Mitsui Banking Corporation, who were represented by a team from Norton Rose Canada LLP. The Norton Rose Canada team included John Naccarato, Geoffrey Gilbert, Ahmed Shehata and Cassandra Marcotte.