Balsillie's other buy
From the Cambridge Times, May 18, 2007:
Officials at Research in Motion are saying little about a land purchase they have made in Cambridge.Let the speculation begin.
The Waterloo-based high-tech company that brought the world Blackberry technology could be ready to put down roots on the city's east side.
According to Real Track, a website that follows Ontario's commercial real estate market, RIM has purchased a 25.7-acre parcel of land from Mattamy (Galt) Ltd. for $3.7 million through a numbered Ontario company. Mattamy went through a land severance on the property at the city in February. The deal closed Feb. 16.
One of the guys from the sports desk who is from the area says where the land was purchased is "a stones throw from the 401 ... probably about 1 hour and 10 minutes from downtown Toronto."
Labels: Balsillie
by James Mirtle @ 1:23 AM
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6 comments
6 Comments:
If I'm that reporter, I'm brushing off my resume and hitting the Cambridge Post Office for Change o' Address Cards tomorrow because he's busting outta there.
I don't know the specifics of his deal for the Predators, whether he's buying the team or RIM is, but given that RIM is, to the best of my understanding, publicly traded, I'd be surprised if he's mixing up his toys (the Preds) with the publicly traded corporation that employs him.
He's going to get a team in Southern Ontario one way or another though, it seems.
It's somewhere around here. Stone's throw indeed.
I went to Tennessee a year ago for a couple days and I never saw a bus stop, billboard or anything that said Predators, kind of sad seeing that they were in the playoffs at the time.
I am glad Canada gets another team, they should take Columbus too.
RIM sure has risen over the past year in terms of stock price, kind of hard to figure that out.
There might be a case for Ballsy Jim mixing up his personal investments and RIM's business assets - but I still see another Ontario based NHL team as a solid investment. I think that if Jim spend a little extra on the team and the profit margin goes from 22 to 21 million, the shareholders won't be calling for his head. I'll be first in line for my Kitchener Predators jersey.
I really think that this will become like the argos-tigercats rivalry if it goes through. The hamilton preditors, at least to me sounds like a really cool name and a division with "nashville" (hamilton), toronto, buffalo, Ottawa, and Montreal would be a definate seller for the NHL. Also having Boston with and the Rangers, Iles, Devils and Flyers would probably create bigger rivals and therefore more tickets in NE! In turn I think if the NHL goes with the Nashville-Hamilton move they are setting themselves up for New England Success. Also moving the Pens into a struggling division should help too. As for where the team will play. Most likely in COPPS until a new rink is ready in this "new location".
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