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    • #705991
      MB OMaoileoin

      Saw this today in the Independent. Will it ever happen? Why not use the The Millennium Stadium in Cardiff as an example of how the Landsdowne Road site could be redeveloped for use by the IRFU and the FAI?

      Exemption to give national stadium a sporting chance

      NEW changes in the Finance Bill unveiled yesterday could provide a significant tax incentive towards the building of a new sports stadium by the IRFU and the FAI.

      While some sources described the changes, involving an extension of the capital gains tax exemption to sporting bodies, as “technical” others confirmed they could be relevant to plans for a new stadium.

      The two major bodies representing rugby and soccer are involved in behind-the-scenes contacts with the Government on proposals for a new stadium.

      Last weekend, the Tanaiste and leader of the Progressive Democrats, Mary Harney gave the first public signal that her party would look favourably at public funding towards the cost of a new stadium if the IRFU and the FAI submitted a joint proposal.

      It is understood the two bodies are examining various options, including the location of a new stadium and how such a venture, costing up to €400m, might be financed.

      Yesterday, Finance Minister Charlie McCreevy pointed out there was already a long-standing exemption from income tax for certain sporting bodies.

      The Finance Bill will now extend capital gains tax exemption to those bodies where the gain, from the sale of an asset, is applied solely for that purpose.

      The IRFU in particular has a number of lucrative land banks, especially land at Newlands Cross in Dublin bordering the M50 and the Luas line and the Lansdowne Road site.

      The IRFU last night said it would be considering how the CGT changes would enable it to maximise the value of its assets.

      Brian Dowling and Senan Molony

    • #724353

      Its unfortunate to think that the changes in taxation will encourage the IRFU to LEAVE Landsdowne Road, not stay there… I realise there are lots of downsides to staying there, but imho the advantages outweigh them greatly….

      “The two major bodies representing rugby and soccer are involved in behind-the-scenes contacts with the Government on proposals for a new stadium. “

      What ever happened to all the private submissions ?!? Have they been written off already ?!?

    • #724354

      it wont necessarily encourage them to leave landsdowne, but may increase the value of their assets like their site at newlands cross, which could be sold off … all profits going to a new stadium or hopefully the redevelopment of Landsdowne …

    • #724355

      Good point… had forgotten about newlands cross….

    • #724356
      Rory W

      Perhaps another protest would convince the IRFU to stay at Lansdowne Road. The Blazers who are running it are so out of touch with the fanbase that they thought closing down Connaught was a good idea, when will they realise nobody wants to go to an industrial park off the M50???

    • #724357

      …and then for a post match jar into the vast arena of the Clonsilla Inn which currently holds more than Lansdowne Road itself.

    • #724358

      Whatever new/redevelopped stadium is build it HAS TO BE IN THE CITY CENTRE!

      Lansdowne can be turned 90° and moved north-east a little on to the training pitch.

      Then the area that is currently the West Stand could be the location for a high-capacity DART station! This coupled with being within walking distance of the City Centre will get people to and from the stadium very efficiently.

    • #724359
      Rory W

      All the fans who go to Lansdowne – both domestic and international – love the Lansdowne Stroll, from the city centre to the stadium via a host of pubs – don’t move for god’s sake

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