- Canlan Sports (ICE) is expanding its U.S. operations by adding an additional sports complex in a Chicago suburb
- The company signed a two-year lease agreement to operate the Libertyville Village Indoor Sports Complex facility
- The facility has been closed since March 13, 2020 at the onset of the COVID-19 pandemic
- The lease agreement grants the option for Canlan to purchase the complex at a later date
- Shares of Canlan Sports are unchanged on the day, and trading at C$3.90 at 12:21 pm ET
Canlan Sports (ICE) is expanding its U.S. operations by adding an additional sports complex in a Chicago suburb.
The company signed a two-year lease agreement to operate the Libertyville Village Indoor Sports Complex facility.
The facility has been closed since March 13, 2020 at the onset of the COVID-19 pandemic.
Canlan Sports intends to reopen the Indoor Sports Complex on July 1, 2021, with a ramp-up to full programming by the fall.
The lease agreement grants the option for Canlan to purchase the complex at a later date.
“The addition of this 169,000 square foot sportsplex in Lake County, IL, to our portfolio is consistent with our strategy to continue expanding our U.S operations by acquiring ice, turf and hard-court sports complexes providing long-term benefits for both Canlan and the community. The Libertyville Sports Complex is only a short distance from two other Canlan Sports facilities located in the northern Chicago suburbs. We look forward to working with the Village’s recreation department to ensure the citizens of Libertyville are well served,” said Canlan Executive Vice President Michael Gellard.
The sports complex is a full-service sport centre that contains two boarded turf fields, eight hard court surfaces for volleyball and basketball, a climbing-rock wall, fully equipped fitness centre, with significant space available for other activities and 3rd party tenants. Outside, there is a fully lit baseball diamond and an outdoor non-refrigerated boarded rink, with plenty of parking.
Shares of Canlan Sports are unchanged on the day, and trading at C$3.90 at 12:21 pm ET.