A new sports and entertainment complex set to reopen in Ottawa, Canada later this year is expected to be known as TD Place after a naming rights deal was struck between the developers and TD Bank.
The Toronto-based financial institution has reportedly signed an agreement worth seven figures annually to rename the refurbished facility, which is currently known as Lansdowne Park and plays host to the Ottawa Redblacks Canadian Football League (CFL) side, the Ottawa 67s ice hockey team, and the Ottawa Fury North American Soccer League franchise.
Reports have indicated that the deal would make TD the official bank of the three teams, all of which are owned by Ottawa Sports and Entertainment Group.
Under the deal, TD Bank will open a branch at the complex’s retail area and supply ATM’s throughout, while Bank of Montreal will also have a presence at the facility.
According to the Ottawa Citizen, a formal announcement of the deal could come as early as this week.