Land developer, Montreal baseball investors reach deal on potential stadium site
MONTREAL — Stephen Bronfman-owned Claridge Investments and real estate development firm Devimco have reached an agreement to develop a plot of land for sale known as the Peel Basin, where a group committed to bringing Major League Baseball back to Montreal would like to build a new stadium.
Bronfman announced the deal at a gathering Tuesday night to honour his father, former Montreal Expos owner Charles Bronfman, as part of the 50th anniversary celebrations of the Montreal Expos’ first season.
Stephen Bronfman, who heads a group of investors interested in bringing baseball back to Montreal, said Devimco would be responsible for the purchase of the land and would partner with his firm to develop the 950,000-square-foot site.