CCA pays $52,000 per year in rent!

Eddie Arzouian

According to the Canadian Cycling Association's own 2005 Annual Report, now posted on their web site, the CCA is paying over $52,000 a year for four years to rent those crappy offices on Riverside Drive in an old high rise. Over $4300 per month. What a waste of money! Who was the genius that negotiated that deal?

The same report lists (without itemizing, of course) the dismal sponsorship figure, a total of about $204,000. What a disgrace. What an embarassment.

Eddie Arzouian

Here is a thought...., what if the CCA took that $52,000+ they throw away every year on rent and instead spent it on building permanent offices (with warehousing space for equipment, mechanics rooms, training and testing facilities, etc. ) somewhere near the Forest City Velodrome? That would make more sense than pissing the money down the drain in a high-rise in Ottawa that has little practical value.

Sport Canada can mail the CCA their checks and it works out the same. The CCA isn't even in the same building as the rest of the Olympic sports or the COC, so who cares????

charles.v

Rent for businesses is never cheap and it is much more diffucult to build then to rent. 4 k /month for a small office space is not unheard of.

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Eddie Arzouian

Have you ever even been to the CCA offices??????

I'm managing four or five rental properties at the moment. I think I know what rents cost.

The CCA is sitting on a windfall $500,000 that they could apply to building something of their own to house a track, workshop, training facility, small museum for the sport, etc., in an area far cheaper than Ottawa.

The federal government has its infrastructure agreement whereby they will match funds with a municipality and province. If the CCA GAVE their $500,000 to a municipality on condition it be given a lease in perpetuity, that municipality could ask its province and the province the feds for matching funds and then you have $1,500,000.

But this is way over the heads of anybody at the CCA now. They like to think small and achieve even smaller.

Pierre Blanchard, the new President of the CCA was just as astounded as I was when he saw this figure and he is looking into what options they have. He told me that just after he was elected.

charles.v

When I get a chance I am sure to visit the offices, though reading your post they do not sound great. If understand you correctly you view 500 k as too much for a windfall. What do you figure a good windfall be ? To me 500 k is a comfortable amount which should be kept for bad times. Do you know if the CCA keeps the 500 k around for insurance reasons ?

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Eddie Arzouian

Charly V.,


You seem to not understand what a windfall profit is.
wind·fall (wndfôl)
n. 1. A sudden, unexpected piece of good fortune or personal gain.



The $500,000 was a one-time lump sum payment as a legacy to the 2003 World Cycling championships (I think it is actually about $630,000 now). The CCA under Bill Kinash wanted to spend it on small, one-off projects at $10,000 at a time.

That would change NOTHING.


Using that legacy money to establish something permanent, something they would otherwise be unable to do, is how that money should be spent.
The CCA has been for the last ten years and is still being run by jackasses. They have no clue how to improve things. They cannot lead. They cannot even keep up with the most basic things they should be doing in the first place.

The new CCA President Pierre Blanchard knows his stuff but who knows how much of a change he can make given the other idiots there he has to deal with.

charles.v

I do think your idea of building is better then renting, expect I do not
see the CCA having the resources to do it properly at this time. If they can not get their web site together how do you think they are going to manage building ?

As for windfall, Sorry, for the miss understanding, let me restate the
question, How much cash should the CCA keep on hand ?

For the future, if you walked up to a stranger and called him a Jackass
or an idiot do you think they are going to listen to you after words ?

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charles.v

Maybe you know someone who knows more then what is post online. From
what I can tell the 500 k you speak of comes from the Trillium
Foundation. Like any agency I am sure they have specific requirements
for what the money is to be spent on.
http://www.trilliumfoundation.org/U...rovincewide.pdf
They started with 640 k
http://www.canadian-cycling.com/Eng..._foundation.htm

If the Trillium Foundation said it was not meant for building, then it
will never happen. This is the most likely the reason why the foundation
was setup. So that the original conditions of the money could be met.

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JackTheLadd

Charles, please don't feed the troll. ;-)