How to turn $7.2 million into half a billion dollars

By Bruce Firestone | Business Coaching

Feb 24

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
Century 21 Explorer Realty Inc broker
Ottawa Senators founder
1-613-762-8884
bruce.firestone@century21.ca
twitter.com/ProfBruce
profbruce.tumblr.com/archive
brucemfirestone.com

• MAKING IMPOSSIBLE POSSIBLE
• FREEDOM VIA REAL ESTATE INVESTMENT AND PB4L, PERSONAL BUSINESS FOR LIFE
• FEHAJ, FOR EVERY HOME A JOB
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About the Author

Bruce is an entrepreneur/real estate broker/developer/coach/urban guru/keynote speaker/Sens founder/novelist/columnist/peerless husband/dad.

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