Lansdowne Park's stadium and arena will be named TD Place, after Ottawa Sports and Entertainment Group reached an agreement with TD Bank Group.

OSEG said Tuesday the naming rights deal would make TD the official bank of OSEG's three sports franchises, the Ottawa RedBlacks, Ottawa Fury FC and the Ottawa 67's.

The bank would also open a branch at Lansdowne's refurbished retail area and supply ATMs throughout the space, though it would not be the sole bank represented at Lansdowne. The Bank of Montreal will also have a branch in the retail space.

OSEG chairman Roger Greenberg said the naming rights cover the stadium and arena but not the park itself.

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An early artist's rendering of the refurbished Lansdowne Park stadium.

"If you think of the 40 acres that is there, that will still be referred to as Lansdowne Park," said Greenberg. "One component of Lansdowne Park is the arena and the stadium and that's why we're having one name for the two of them."

Monument to honour Frank Clair in works

Lansdowne Park's football and soccer venue has long carried the name of CFL coach Frank Clair, who guided the Ottawa Rough Riders to three Grey Cup championships as coach and another two titles as general manager.

Greenberg said they are working with Clair's daughter Robin to erect a monument — likely a statue in a prominent location — to commemorate the football coach.

Greenberg would not reveal the length of the deal nor the amount of money involved. But he said the deal compares favourably to OSEG's projections to the city that naming rights would bring in $1.2 million annually over 30 years, though he said the deal is for a shorter term than 30 years.

The stadium will have a capacity of 24,000 while the arena will have 10,000 seats. Greenberg said the two are really part of one complex, and said he didn't think there would arise any confusion over both the arena and the stadium sharing the same name. He said for reasons of space and parking, the two venues would not both hold an event at the same time.

Construction of the refurbished Lansdowne Park began in 2012.  The stadium is expected to be completed in time for the 2014 RedBlacks season this summer.