[troutman]

Update, Nov 23rd, 9:46am:

While specifics are still thin, some have leaked out.

Chris Stevenson of The Athletic spoke with members of the Ottawa business community that are familiar with the project and has reported that the planned division of the costs had Melnyk & the Sens paying for the new arena plus $150m towards infrastructure with Ruddy and Trinity covering most of the remaining $4B, and that there is “healthy skepticism” among the Ottawa business community about Melnyk being able to do that.

As part of their coverage of the issue, the Ottawa Citizen spoke with three unnamed sources with direct knowledge of the negotiations, all of whom pointed the finger at Melnyk as the road block. All three indicated that Melnyk has been trying to avoid paying for the arena. Two of them said that Ruddy has signed off on the corporate governance agreement but Melnyk hasn’t.