Yeah, for sure. Its a site which has a way more potential than is currently being used. And the site within the Liffey south region of the city, isn't served by anything meaningful in terms of access transport. Without which we cannot gauge its potential as an area. The likes of Baggot St, Merrion Sq, Fitzwilliam Sq should all have more vibrancy to them. But they don't. Because everthing immediately south of the canal, to them, is asleep. A lot of commercial businesses that were in places, like between Ranelagh and the Canal, moved to the pheriphery of the city during the last decade. Again sucking people out of the area. In real terms, there hasn't been proper study done on the inner suburban areas, and what trends there are really like.
Attention has focussed on immediate inner city regeneration and improvement. There has been a loss of focus, and opportunity to develop strategy with regard to inner suburban Dublin. Of course, it doesn't help that hubs could have been created by Metro North (under the chop now). Development of areas around these potential transport hubs (I can think of several key ones) in the north side of the city, will be delayed for perhaps another 25-50 years. Around Phibsboro into Parnell St. The Mater, all of that kind of thing, will stop now, because of pulling the plug on Metro North.
We need to find some way, that transport infrastructural investment can benefit from windfall land value gains to areas such as around the Mater, Phibsboro, Grangegorman and so on, as a result of improved infrastructure. Trying to finance everything out of ticket sales, seems to be putting a real delay on our infrastructural works. This FT article can be seen on the web at: http://www.ft.com/cms/s/0/cfef003c-157d-11de-b9a9-0000779fd2ac.html?nclick_check=1
You need to log in.
If we could sort out the financial model associated with the building infrastructure. If the like of Sean Dunne spent his legal budget on studying that, rather than hen-peck-ing for what few scraps are available, we would all be better off. Then we could really open up sites such as Ballsbridge to their fullest potential. But I suppose the course on 'building our visions' in Bolton St Quantity Surveying course wasn't up to snuff in Dunne's time.
The land value gains appear to start from the moment, lines are drawn on the map. Not from the moment, the construction of the rail lines are complete and stations are open. It is funny when you see all of the fanfare around the opening of stations like Spencer Dock. As if, the opening of the new station and platforms was going to usher in a further wave of value increases and prosperity. What many fail to understand, is this increase has already been built into the land values of that area, up to ten years previously. And that transportation organisations stand to gain only from the ticket fare revenue going forward. It is that old story of trying to catch the raining soup with a fork. We need to develop our taxation instruments around reality, rather than (mis)perceived reality.
I was at a historic lecture not too long ago, about the old tram lines of Dublin, and I got the impression that much of Ballsbridge would have been better served by transport back in the olden days. Being sort of 'en route' between Dun Laoghaire and Dublin centre.
Brian O' Hanlon