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€300M Investment into Waterford City

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    #1982
    Max Powers
    Registered Users Posts: 3,510 ✭✭✭Max Powers


    Bards wrote: »
    That's the money we were promised this Month after the measly 6m we got in the first tranche

    How do figure that? I didn't hear any 16m promises, my understanding is a portion of the money due to be announced in march its coming from various sources including the dept of transport, other areas too. I'm pretty sure it wasn't a north quay only announcement but multiple projects, like that motorway to Derry they suspended too I'd guess. This children's hospital is going to affect things but most departments are chipping in about 3-5 million, hardly end of the world stuff when you think about their budgets, doesn't help matters either.


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    #1983
    Bards
    Registered Users Posts: 2,777 ✭✭✭Bards


    Max Powers wrote: »
    Bards wrote: »
    That's the money we were promised this Month after the measly 6m we got in the first tranche

    How do figure that? I didn't hear any 16m promises, my understanding is a portion of the money due to be announced in march its coming from various sources including the dept of transport, other areas too. I'm pretty sure it wasn't a north quay only announcement but multiple projects, like that motorway to Derry they suspended too I'd guess. This children's hospital is going to affect things but most departments are chipping in about 3-5 million, hardly end of the world stuff when you think about their budgets, doesn't help matters either.
    From independent.ie

    the operation and a draw down of expenditure of Ireland 2040 regeneration funds”, will all see spending diverted, according to Mr Donohoe.


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    #1984
    Max Powers
    Registered Users Posts: 3,510 ✭✭✭Max Powers


    Bards wrote: »
    From independent.ie

    the operation and a draw down of expenditure of Ireland 2040 regeneration funds”, will all see spending diverted, according to Mr Donohoe.

    I think there will still be money announced in march, obviously that doesn't improve the situation and how much money and where is still the question.


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    #1985
    mooseknunkle
    Closed Accounts Posts: 2,427 ✭✭✭mooseknunkle


    Max Powers wrote: »
    I think there will still be money announced in march, obviously that doesn't improve the situation and how much money and where is still the question.

    Max i think its time to stop clutching at them straws,as much as we all hoped it would happen its looking very unlikely now.


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    #1986
    Irishlad2014
    Registered Users Posts: 101 ✭✭Irishlad2014


    mooseknunkle wrote: »
    Max Powers wrote: »
    I think there will still be money announced in march, obviously that doesn't improve the situation and how much money and where is still the question.

    Max i think its time to stop clutching at them straws,as much as we all hoped it would happen its looking very unlikely now.
    Well thanks for clearing that up, lets just close this thread now :P


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    #1987
    curmudgeonly
    Registered Users Posts: 282 ✭✭curmudgeonly


    The principals behind the NQ were in town yesterday all systems still go, November is their deadline if money not in place.


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    #1988
    mooseknunkle
    Closed Accounts Posts: 2,427 ✭✭✭mooseknunkle


    curmudgeonly wrote: »
    The principals behind the NQ were in town yesterday all systems still go, November is their deadline if money not in place.

    A lot of things politically are going to happen between now and November with Brexit and the children's hospital ,did they seem confident that they would get the money by November?


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    #1989
    curmudgeonly
    Registered Users Posts: 282 ✭✭curmudgeonly


    mooseknunkle wrote: »
    A lot of things politically are going to happen between now and November with Brexit and the children's hospital ,did they seem confident that they would get the money by November?

    Reading between the lines there seems to be surprise that WCC have not gone the route of Limerick and Cork and borrowed the money from the EIB on the strength of the government's promise.
    A sentiment I would not disagree with.


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    #1990
    Wanderer78
    Registered Users Posts: 29,404 ✭✭✭✭Wanderer78


    curmudgeonly wrote:
    Reading between the lines there seems to be surprise that WCC have not gone the route of Limerick and Cork and borrowed the money from the EIB on the strength of the government's promise. A sentiment I would not disagree with.


    What's the problem with the eib?


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    #1991
    Waterboy2014
    Registered Users Posts: 89 ✭✭Waterboy2014


    curmudgeonly wrote: »
    Reading between the lines there seems to be surprise that WCC have not gone the route of Limerick and Cork and borrowed the money from the EIB on the strength of the government's promise.
    A sentiment I would not disagree with.

    I was half hoping that the Council had started to pursue a loan from EIB? Are they staying firmly with the idea that central government will fork out the full amount?


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    #1992
    Bards
    Registered Users Posts: 2,777 ✭✭✭Bards


    Waterboy2014 wrote: »
    curmudgeonly wrote: »
    Reading between the lines there seems to be surprise that WCC have not gone the route of Limerick and Cork and borrowed the money from the EIB on the strength of the government's promise.
    A sentiment I would not disagree with.

    I was half hoping that the Council had started to pursue a loan from EIB? Are they staying firmly with the idea that central government will fork out the full amount?
    EIB loan for NQs and Airport and try and recoup monies from Govt at some point would be the safest bet before the next recession kicks in and all expenditure is pulled


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    #1993
    Harry Palmr
    Closed Accounts Posts: 40,061 ✭✭✭✭Harry Palmr


    Has anyone challenged Michael Walsh on this matter?


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    #1994
    azimuth17
    Registered Users Posts: 1,017 ✭✭✭azimuth17


    I understood that the EIB money for Limerick is to do an actual development and that the North Quays money being sought from government is for infrastructure, normally supplied by the state, such as a transport hub, roads, a relocated rail station, a pedestrian bridge etc to access a site where a private developer will finance the build. In those circumstances why should council borrow EIB money? I know nothing about the Cork EIB details.


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    #1995
    invara
    Registered Users Posts: 413 ✭✭invara


    This is the road Wexford have gone down...
    https://www.independent.ie/regionals/newrossstandard/news/councillors-all-back-ambitious-40m-plan-36620730.html
    You do need visibility on the return and cashflow that will handle the payback. It is a very tough decision for a council and executive to take on.


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    #1996
    snotboogie
    Registered Users Posts: 3,601 ✭✭✭snotboogie


    azimuth17 wrote: »
    I understood that the EIB money for Limerick is to do an actual development and that the North Quays money being sought from government is for infrastructure, normally supplied by the state, such as a transport hub, roads, a relocated rail station, a pedestrian bridge etc to access a site where a private developer will finance the build. In those circumstances why should council borrow EIB money? I know nothing about the Cork EIB details.

    The port of Cork borrowed money from the EIB for its new facility under construction in Ringaskiddy. Cork City Council haven’t borrowed money for office developments from the EIB like Limerick and actually came out to the media to say that they would not borrow money in this way.


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    #1997
    Waterboy2014
    Registered Users Posts: 89 ✭✭Waterboy2014


    Second wave of the Rural Regeneration Fund announced today. €64 million doled out and Waterford got €128,000. That's fairly measly. Is this a sign of a large announcement in the coming weeks for Waterford City from the Urban Regeneration and Development Fund?


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    #1998
    thomasm
    Registered Users Posts: 1,503 ✭✭✭thomasm


    Thomastown got €2.1m allocated and all the praise is for a TD living in Ferrybank (JP Phelan) who is getting credit all over his Facebook for being such a good representative for his people....in Thomastown


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    #1999
    Harry Palmr
    Closed Accounts Posts: 40,061 ✭✭✭✭Harry Palmr


    Good grief they really are stress testing the patience and good humour of the Saudis.


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    #2000
    hardybuck
    Registered Users Posts: 5,172 ✭✭✭hardybuck


    Harry Palmr wrote: »
    Good grief they really are stress testing the patience and good humour of the Saudis.

    Would the Saudis be aware that Waterford isn't a rural location?


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    #2001
    hardybuck
    Registered Users Posts: 5,172 ✭✭✭hardybuck


    Waterboy2014 wrote: »
    Second wave of the Rural Regeneration Fund announced today. €64 million doled out and Waterford got €128,000. That's fairly measly. Is this a sign of a large announcement in the coming weeks for Waterford City from the Urban Regeneration and Development Fund?

    It's a sign that a project in rural West Waterford was successful in applying for funding from a fund which aims to reinvigorate towns and villages with populations under 10,000.


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    #2002
    91wx763
    Registered Users Posts: 526 ✭✭✭91wx763


    Harry Palmr wrote: »
    Has anyone challenged Michael Walsh on this matter?
    Hee hee, Eamonn Keane might have done but......


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    #2003
    jelutong
    Registered Users Posts: 1,160 ✭✭✭jelutong


    I've heard that some owners/occupiers of businesses in Ferrybank that were due be affected by the North Quay development have been told that nothing will happen for at least 5 years.


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    #2004
    Wanderer78
    Registered Users Posts: 29,404 ✭✭✭✭Wanderer78


    jelutong wrote: »
    I've heard that some owners/occupiers of businesses in Ferrybank that were due be affected by the North Quay development have been told that nothing will happen for at least 5 years.

    unfortunately this could be true, such large projects can take time to complete, i would expect a couple of years at least to completion


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    #2005
    Max Powers
    Registered Users Posts: 3,510 ✭✭✭Max Powers


    Wanderer78 wrote: »
    unfortunately this could be true, such large projects can take time to complete, i would expect a couple of years at least to completion

    It's a 3 year construction phase project according to council and falcon.


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    #2006
    Gavlor
    Registered Users Posts: 6,180 ✭✭✭Gavlor


    Max Powers wrote: »
    It's a 3 year construction phase project according to council and falcon.

    Just throwing a cat amongst the pigeons, I had a look at falcon real estates Ltd. It took all
    of 3 seconds as there isn’t a huge amount of info out there on the firm.

    Some laugh if it was all a Walter Mitty stunt!


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    #2007
    Max Powers
    Registered Users Posts: 3,510 ✭✭✭Max Powers


    Gavlor wrote: »
    Just throwing a cat amongst the pigeons, I had a look at falcon real estates Ltd. It took all
    of 3 seconds as there isn’t a huge amount of info out there on the firm.

    Some laugh if it was all a Walter Mitty stunt!

    They (owner of falcon)have a lot of paid people talking for them, they have met the council and the taoiseach, they have done design work specific to the north quays and projects similar around the world. Falcon is probably just set up for this specific project, under a greater umbrella.there is lots of info out there


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    #2008
    Gavlor
    Registered Users Posts: 6,180 ✭✭✭Gavlor


    Related matter, how is there not a fast track for this kind of stuff?

    https://twitter.com/damienwlrfm/status/1098128583317442561?s=21


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    #2009
    Muttley79
    Registered Users Posts: 304 ✭✭Muttley79


    What a coincidence that the children's hospital runs way over budget in dublin and the north quays development looks to be put back.yet leo the spinner tells everyone that no project is effected!!!don't think the Saudi group are going to hang around much longer.meanwhile cork and Limerick are booming with development.the south east and Waterford is forgotten about once again


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    #2010
    hardybuck
    Registered Users Posts: 5,172 ✭✭✭hardybuck


    Muttley79 wrote: »
    What a coincidence that the children's hospital runs way over budget in dublin and the north quays development looks to be put back.yet leo the spinner tells everyone that no project is effected!!!don't think the Saudi group are going to hang around much longer.meanwhile cork and Limerick are booming with development.the south east and Waterford is forgotten about once again

    Where have you seen that it's held back?


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    #2011
    Max Powers
    Registered Users Posts: 3,510 ✭✭✭Max Powers


    Muttley79 wrote: »
    What a coincidence that the children's hospital runs way over budget in dublin and the north quays development looks to be put back.yet leo the spinner tells everyone that no project is effected!!!don't think the Saudi group are going to hang around much longer.meanwhile cork and Limerick are booming with development.the south east and Waterford is forgotten about once again

    That's a whole lot of nothing.


This discussion has been closed.
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