Luas Line B
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Levys from New Developments will Pay for Luas Line B
The Luas line B is to be extended from its original terminus by 7km to Loughlinstown. Dun Laoghaire Rathdown County Council voted unanimously to approve the extension by levying Euro 250,000 per hectare from new developments on a kilometre either side of the line.
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At the risk of commenting on every topic at the top of the forum, that sounds like a good idea (unless I’m mistaken in my assumption that property developers make buckets of money). And the market is so hard pushed I’d find it hard to believe that they could manage to pass that on to home-buyers, who are currently about as pushed as they could possibly get.
Now would this apply to citizens building a private house, or just to apartments and stuff???
fjp
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The scheme is for funding of the extension to Line B from Sandyford to Cherrywood only as the current works are fully funded already.
Not sure of the final agreed figures but the suggested levy was about €2500 per dwelling for residential and €19 per sq. m. gross floor area for commercial.
A similar scheme is being put together for the Docklands to cover the price of the extension to the Point Depot and for future lines and Metro there will be schemes under section 49 in place.
Problems with the private funding on the Cherrywood line though may delay this one going ahead. Its part of the problem of involving commercial interests in part funding public services.
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This from Business and Finance website:
British Land has criticised Dunloe Ewart’s decision not to contribute funds towards the extension of the Luas line from Sandyford to Cherrywood in Loughlinstown.
British Land is a 50pc shareholder in the Cherrywood development with Dunloe Ewart and an extension of the Luas line is seen as critical to the site’s long term success.
It would seem that the funding is voluntry, so if shortsighted companies refuse to participate, the scheme will likely be delayed or cancelled. It would be a shame, because Eur2500 is not a lot to have a rail line going by your house.
James
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Actually Dunlow are part of the consortium Partners in the PPP who were contributing about €50m which is outside the levy scheme. DLRCC have already indicated that as the second phase of Cherrywoods development was dependant on there being a light rail connection that further planning permissions will not be forthcoming.
The levy scheme is seperate and will be administered by the local authority through the planning system and would be applied to all planning permissions.
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Luas Line should have support says British Land
British Land has expressed publicly its disagreement with Dunloe Ewart over funding for the Luas Line B. British Land is a fifty/fifty partner with Dunloe Ewart at the Cherrywood Development. Property companies who would benefit from the proposed extension have been asked to contribute towards a combined figure of about 60 million euro.
It has been reported that the future of the extension is in question after the decision by Dunloe Ewart head Liam Carroll not to contribute.
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