Re: Re: €2bn plan to develop Galways docklands

Home Forums Ireland €2bn plan to develop Galways docklands Re: Re: €2bn plan to develop Galways docklands


@Thomond Park wrote:

The figures look poor i.e. a 1.25% annual return for the local economy with no indication of what operating revenues would be and with interest rates at 4-5% for this type of finance it doesn’t look particularly viable.

Is this another Vega City?

This plan is not going to happen. As far as I can see, there’s one side who want to develop the docks, and another who want to move the docks, they’ll be fighting each other for the next few years to see who has more sway in the FF tent. More than anything, the figures they are throwing around just don’t up, 2 billion to build a cultural centre? Sounds like you’ll make the money back alright!

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