Re: Re: well what about the developments popping up in the shannonside ?
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June 23, 2008 at 12:22 pm
#755079
johnglas
Participant
That presumes that developers have a strategy other than making money and beating their competitors. There will always tend to be an over-supply of commercial floorspace to allow for some ‘slack’; in a downturn, there will be a certain amount of ‘rationalisation’ (i.e. closure), but the main driver is fashion: what’s hot? what’s not?. So, even if there is a theoretical over-supply in Limerick, this would not prevent the Opera Centre going ahead. The big factor at the moment would be: will the banks finance it?