Garden’s development on hold

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By the News Team

Ryerson’s hope of using Maple Leaf Gardens as a sporting venue is being delayed after a deal by a developer to purchase the arena and convert it into a retail and entertainment complex fell through.

“This has put things on a holding pattern for the time being,” said Chuck Mathies, Ryerson’s assistant athletic director. “We’ll have to rekindle our request at one point in time.”

PenEquity, the company currently developing the corner of Yonge and Dundas Streets, had a tentative deal with Maple Leaf Sports and Entertainment, but it fell through last week.

Ryerson had expressed interest last spring to be part of any redevelopment, but this never materialized. And even though the arena will be up for sale again in the next few months, Ryerson says it’s not interested.

“I don’t want us to get off track by trying to take on more than we can reasonably handle,” said Linda Grayson, Ryerson’s v.p. administration and student affairs.

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