How to turn $7.2 million into half a billion dollars

I spoke with my friend Victor Menasce about the Ottawa Senators, the NHL, real estate investment and more on his podcast…

I explained how we purchased (in the early 1990s) 600-acres in the far west-end of Ottawa (Kanata) for $12,000 an acre ($7.2 million, if you are counting), plunked an NHL expansion franchise (aka, the Ottawa Senators) and NHL-caliber arena (the Palladium, now Canadian Tire Centre) in the middle of our land assembly using up 100-acres, thereby driving up the value of the balance of the lands (with the last trade, around 20-years later, being about $832,000 an acre). The idea was to sell off the “extra” 500-acres to pay for the expansion franchise.

It worked, sort of…

Listen to the podcast, https://castbox.fm/vd/233231145

Thanks Victor!

FOR REAL ESTATE INVESTMENT AND BUSINESS COACHING THAT’LL HELP YOU PROVIDE FOR YOURSELF AND YOUR FAMILY FOR 3-GENERATIONS, PLEASE CONTACT:

Bruce M Firestone, B Eng (civil), M Eng-Sci, PhD
Real Estate Investment and Business coach
ROYAL LePAGE Performance Realty broker
Ottawa Senators founder
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bruce.firestone@century21.ca
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