Developments in Cork

On the contrary, I think for the scale of the project, it’s flying up.
Lots of steel gone up there in the last week or so. I’ll try to bring you update photos as soon as I can.

Meanwhile, here’s some projections of the finished development which i’ve posted here before. Due for completion in Autumn 2007.

THOMOND PARK
In responce to your suggestion that JoeO’Donovan and Wilton Shopping centre are worst off over Primark(Penny’s) moving in rather than M&S.Firstly M&S is an upmarket dept style retailer who only attract a certain higher end customer and this would limit Wilton’s appeal to the much large market that Primark represent.Given that Primark have the largest foot fall of any retailer on Patricks Street and foot fall is related to rents ,now Joe O’Donavan has a stronger tenant paying a higher rent (over the €15 sqft that M&S wanted) which he can use to rise the profile and yield on his centre.

when are the poles on oliver plukett street goint to be removed. except that it was a bad idea to put lights at waist height outside some of the busiest pubs in cork.
before you waste money fitting the lights, take out the poles and stick uplights in the ground. problem solved.

whatever about the city council, it was in the examiner today that the County Council had to settle their dispute over buying 20 acres in charleville at a hugely inflated price from the bank manager and his business partner – why didnt they pursue it?

Hey guys,

Im new here.. well iv been logging on and following discussions for a while now.
But anyway, I have two questions. Number one – Whats happening in the old “Sir Henrys” site?
and two – That tringular piece of ‘boarded off’ land by the bridewell cop shop? Any ideas or Renders?

Not to be pedantic, but it doesn’t look like European funding, it’s European approval of tax breaks and other incentives for the area.

@kite wrote:

🙂 Today’s announcement by Minister Martin of European funding for the Cork Docklands Development will no doubt be welcomed by City Manager Joe Gavin who has endured years of foot dragging by the Cork Mafia, vested interests, uninterested city “fathers” (councilors) and the Munster Agricultural Society thus delaying his ambitious plans for this vital development for the city.
Any other City Manager in the past 20 years would have washed their hands of this development, went for a pint in the Market Bar, drew his 3 grand per week salary, and declared a curse on all their houses.
Love him, or hate him, you have to admit that Mr. Gavin has balls (and neck!!)

p.s. his performance related pay bonus may have something to do with this? (11 million in development levies last year alone for CCC??)

Can anyone shed light on the significance of this. Does this mean Cork is getting its own IFSC or some such? Does it come down now to what tax breaks the gov allows? When could we expect these, in the next budget perhaps? Alternatively, is this just hot air……:confused:

For the record, this is what the Gov website says

“Cork Docklands to be designated as an urban regeneration area

European Commission Approves Ireland’s Regional Aid Map for 2007-2013

The Minister for Enterprise, Trade and Employment, Micheál Martin, T.D., has announced that Ireland is to retain significant scope to grant investment aid under a new Regional Aid Map approved by the European Commission for the period 2007-2013.

County Cork will be designated for regional aid for small, medium and large firms for 2007-2008. In addition, the docklands area of Cork has been designated as an urban regeneration area and will also retain entitlement to aid for small and medium firms until the end of 2013 in order to facilitate financial supports for urban regeneration in the area over that period.

Minister Martin said he welcomed the designation of Cork Docklands as an urban regeneration area. “The Cork Docklands area represents one of the last major redevelopment opportunities in the city and the area has the potential to become a model for sustainable urban living. The current situation of Cork Docklands provides an opportunity to address the high levels of disadvantage in the area through the provision of employment opportunities, an integrated living environment with adequate social and community supports, and a good environmental quality of life. There is also the potential to build a new high quality urban quarter adjacent to and integrated with the city centre. “

Does anyone know who will be building the new Carrigaline Town Centre and when it is due to begin?

:rolleyes: Anyone feel that the rising cost to developers in the city by way of development levies, stamp duty, and the stealth cost of Part 5 contributions may strangle and kill the “Golden Goose” that is keeping the Celtic Tiger alive?
Under Part 5 CCC received 0 euro and 0 units in 2003, 390,728 euro and 0 units in 2004, and 1,175,200 euro and 83 units in 2005.
Development levies for the same period were, 2003 approx 3 million, 2004 approx 6 million, and 2005 approx 11 million.
With most houses now failing to sell at auction and many apartments lying idle since built you would wonder at what level will developers put their money in less volatile investments?

@mhenness wrote:

Just curious as to where you came across this information? Are these facts or just generally accepted as being the case? I thought that initial part of your comment related only to houses in Dublin failing to sell at auction?

It was reported on the Pat Kenny Show last week, 80% sale failures at auction in Dublin, 65-70% and rising in the country.
I do of course accept that auctions in Dublin are much more common than in Cork, but given that “normal” buyers (first timers etc) use private treaty sales rather than auction I think it follows that those in the know i.e. auction buyers are deserting the market.