alonso wrote:PVC how are you saying it clearly does not stack up. Have you got the exact costs and the land use forecasts for the corridor? Wthout these we're all just throwing out suggestions and conjecture. Both sides have valid arguments but without the figures no-one can state something as fact,
Land values are irrelvant as development land only has a value when their is demand fr the end use product. The figures demand side are truely terrible; the worst we have seen for decades take for example retail sales down 6% yoy; the banks on their knees and unable to lend for all but the securest propositions.
The three top banks have fallen in value from €30bn 18 months ago to about €5bn today. Where have you been for the last 12 months? Retail yields a year ago were 2% this week a building will be released on Grafton Street but since you are such an expert on the property market I'll let you clarify the yield quoted.
When the banks are again lending for spec dev you will have a point but that point is years away and the type of scenario seen between 1995-2005 where any development stacked up is never coming back.
I disagree, like in London people will get crosstown buses to use it, people will drive from Dundalk to the first stop (wherever it is in the end) as will people from Drogheda and most of Meath. People from Finglas to Coolock and possibly Darndale will get buses to it because of regularity of service and journey time.
People in London don't use buses to cross town; a typical journey would be Heathrow - Canary Wharf which involves Heathrow Express; change to Hammersmith & City line and then Jubilee Line which takes an hour; cross rail will cut this to 30 mins; its alignment has a number of brownfield sites capable of releasing 5,000 units each where significant development contributions will come from. I further don't buy that someone from Dundalk is going to park North of Swords vs the Airport and even if they did would you want the park and ride facility clogged up with long stay parking?
This project needs to be assessed on the basis of current demand and contemporary development levels; above all it must be assessed on the basis of capital cost per annual passenger and ranked against all other transport projects on the table. Blind faith predicated on 90,000 home per year output is so out of date reality now exists for the first time in a generation.