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Montreal group proposes new downtown tower for NATO defence bank
A three-company consortium is offering several floors in a planned tower, while Montreal backers cite the city’s financial sector and international ties.
- Montreal's business community unveiled a new proposal Thursday to secure the headquarters of the Defence, Security and Resilience Bank, hoping to gain an edge over competing Canadian cities.
- Four Canadian cities—Montreal, Vancouver, Ottawa, and Toronto—are competing for the project, which 18 countries awarded to Canada in April to provide "long-term, low-cost financing" for NATO defence initiatives.
- A consortium including Sid Lee Architecture, Rosefellow, and the Tsatas Group is offering floors in a $200 million hotel tower project, with construction slated for 36 months. "We want Montreal to stay in the running," co-founder Martin Leblanc said.
- Finance Montreal and institutions including Caisse, Desjardins, and National Bank argue Montreal's financial sector offers immediate support and access to global financial markets and institutional expertise.
- Allegations that Toronto officials used Quebec sovereignty concerns to undermine Montreal were met with denial from Ontario Premier Doug Ford, who asserted Toronto remains the only city with sufficient resources.
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25 Articles
Global NewsReposted by 
dailyguardian.ca
dailyguardian.caBusiness leaders rally to support Montreal’s bid for defence bank
Montreal’s business community is moving forward with plans to convert a downtown project to house the Defence, Security and Resilience Bank in an effort to 'stay in the race.'
·Toronto, Canada
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Developers propose a brand new building to accommodate the institution that Montréal and Quebec covet.
·Montreal, Canada
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The business community is mobilizing in Montreal to secure the headquarters of the Banque de la défense, de la sécurité et de la résilience (Bank DSR): promoters are proposing a turnkey solution, a brand new building, to welcome the new institution that Montreal is seeking.
·Montreal, Canada
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Coverage Details
Total News Sources25
Leaning Left16Leaning Right0Center6Last UpdatedBias Distribution73% Left
Bias Distribution
- 73% of the sources lean Left
73% Left
L 73%
C 27%
Factuality
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