Re: Re: well what about the developments popping up in the shannonside ?
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The commercial rates in Limerick are apparently very high. The rates outside the small city boundary presumably are much much lower. A perfectly tuned situation to reward suburbanisation at the expense of city development.
Most of the recent development in the city has been apartments, office space and hotels – very little of it is retail. Until the city boundary expands, most retail development will happen in the suburbs. This is a pity because the low quality of the retail experience in the city is damaging and creates a vicious cycle; less and less retail businesses set up in the city so the council is forced to increase rates which further exacerbates the problem.
As to the Savoy, while it’s a terrible waste to see a relatively large development pulled down after just 10 years or whatever it is, its replacement will hopefully provide something better than a blank wall facing Henry Street. This really killed Henry Street in terms of attracting footfall. It should be a prime city street given it’s location and size.