Re: Re: Dartmouth Square Disgrace

all will come to realise that the public/private park is actually merely private. I hope I hear the sound of falling coinage soon before it is too late.

Good to hear you are on metalic images given the poor state of repair of the railings and health and safety risks posed to the numerous children that walk past each day from bumping into rusty metal. If these railings were a car parked on the road they would be subject to an mot and if found to be rusty would be taken of the road.

The ‘owner’ of Dartmouth Square is a spiv and a wide-boy; the state of the park is his responsibility.

Couldn’t agree more

Perhaps now with property prices tumbling it may be a good time to re-enter realistic negotiastions with Mr O’Gara.

At March 2007 valuations no doubt in your mind. The only value this park ever had in development terms was a ‘hope value’ for deluded fools unfortunately the only hope value in circulation is that the banking system will start lending again and that genuine development land might actually emerge from a hope value scenario to an actual realisable value. On this basis the current value of Dartmouth Square is nil; unless it were owned by a responsible owner and the value would then be €150,000 per annum security costs for a minimum 5 years (before the banks lend for speculutive land purchases of any nature) to give a current negative value of minus c€700,000 with a further discount to reflect the inability of almost all developers to fund this type of overhead say -€1m,