Limerick City Hall to write to NAMA again on Opera Centre

Anne Sheridan

Reporter:

Anne Sheridan

LIMERICK City Council plan to write to the National Asset Management Agency again as they are not satisfied with the reply they have received from the bad loans agency on the Opera Centre site.

LIMERICK City Council plan to write to the National Asset Management Agency again as they are not satisfied with the reply they have received from the bad loans agency on the Opera Centre site.

City Hall wrote to the developers of the site, Regeneration Developments Ltd, and NAMA expressing concerns about dereliction and their hopes that the stalled €350m project might finally see construction begin after five years of setbacks.

But city manager Tom Mackey said they are not happy with the response from NAMA, saying the reply “hasn’t resolved the matter” and they will have to write to them again.

He said the reply from NAMA outlined the functions and remit of the agency, but did not specifically address Limerick or any outstanding developments awaiting completion.

“We wrote to NAMA and explained that importance of that development for Limerick city. We asked them would they consider bringing it to the fore, and outlined how we’re anxious to see development completed as it’s a very strategic site in the city,” he said.

As Anglo Irish Bank have a stake in the project, and the developers were also clients of Anglo, the fate of the centre is very much in the hands of the State.

City councillors have repeatedly queried the status of the site, and in January of this year were informed that it would be best to circulate a report on the site.

However, Mr Mackey said there is “no news” to report.