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08/09/2008

McNamara Releases Three Regeneration Sites To Dublin City Council

Three sites earmarked for regeneration in Dublin have been released back to the city council by the developers following a mediation process.

Discussions between Michael McNamara & Company and the council resulted in mutual agreement that the local authority will proceed with the projects at O'Devaney Gardens, Infirmary Road and Convent Lands.

It has been agreed that the parties will mutually disengage from the Regeneration Projects and that the developers will facilitate Dublin City Council by:
  • Immediately releasing the relevant sites back to Dublin City Council
  • Providing to Dublin City Council a licence to the designs for the proposed developments
  • Paying a contribution of €1.5 million towards the costs incurred by Dublin City Council
  • Under the terms of the mediation process, there will be no further information issued
Dublin City Council released a statement: "The City Council has always said that its Tenants are its main priority.

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"In that regard a new multidisciplinary team is in place examining all options with regard to the future regeneration of these areas.

"It is intended to bring a report to the Council on the options and recommended proposals before the end of this year."

(PR/JM)

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