True North exercised option to acquire property at 220 Carlton Street

Looks like fans will be getting a spot to watch Jets games in the future as True North is moving ahead with the project.

True North Release:

True North Sports & Entertainment Limited, along with CentreVenture Development Corporation, are pleased today to confirm that True North has exercised its option, pursuant to its Option Agreement of June 2014, to acquire the property at 220 Carlton Street from CCC Properties Inc., a subsidiary of CentreVenture.

“The exercise of the Option today is a significant advancement of our position regarding the development of True North Square,” said Scott Brown, Senior Director, Corporate Communications for True North Sports & Entertainment Limited. “We remain excited about the opportunity that this mixed use development has for our community and our organization. We look forward to working with CentreVenture over the next few months as we finalize our design and development plans with CentreVenture, the City of Winnipeg, and our tenant partners.”

“This is a great step forward for this exciting project,” said Angela Mathieson, President & CEO, CentreVenture Development Corporation. “True North Square is a transformative development which sends a strong signal about the future and confidence in our downtown. At CentreVenture we are pleased to support True North in their continued commitment and investment in our community. We know this project will have far reaching impacts and benefits for our downtown.”