Reply To: LUAS in Harcourt Street (Update No.8)

do we really need to be discussing this, the property in harcourt street is now worth more so there are higher rents, the rent increase is proportionate to but not equal to the estimate extra retail income, that’s how rent work. in this way, the luas has created value, it has given value to the property owners because there property is worth more, and it has increased the potential gross income of store owners, although their rents have increased. some types of retail suit a low rent environment; discount stores, bathroom shops, china storerooms, etc, people with businesses like this will sell there leases, for a profit, since the leases are now worth more, and move to a low rent area.

either way, its just luck, sometimes the breaks go your way, sometimes they don’t. if we start compensating in situations like this, we’re screwed, nothing will get build.

the luas took three years to build begining to end, tallaght will be much closer to town when it running, so will sandyford, it will be easier to get to smithfield. its done now, lets stop this giving out. let build another one to the airport connecting dcu and ballymun. you can’t give out about the political delays to luas and at the same time repeat all the sorts of arguements that lead to those delays.