THE Limerick Racecourse company is reviving its plans to build over 100 houses at the former Greenpark racecourse near the Dock Road.
Earlier applications to build houses on the site have wildly varied, from 26 houses in one instance to 353 houses, but the most recent application includes 110 houses.
These will comprise 31 four-bed detached units, 72 four-bed semi-detached units, four three-bed semi-detached units, and three three-bed terrace units.
The development will be accessed from the South Circular Road, should it go ahead, and the application to Limerick City and County Council also necessitates the filling of lands in certain areas.
The most recent company accounts for Limerick Racecourse PLC state that they are now moving their attentions from their current Greenmount horse racing track in Patrickswell towards the old track at Greenpark.
“With signs that property prices are starting to stabilise we have turned our attention to the company’s 100 acre property in Greenpark. We are currently working on a strategy to reduce debt while maximising the value of the site over the next five years,” state the accounts for the end of 2013.
Chairman Mark McMahon said it was a pleasure to report that the company was now returning a profit, after incurring a loss of €165,928 in 2012.
The development of the lands at Greenpark, including site purchase costs and overhead expenses, are in the region of €6.9m.
Previous plans submitted for that site were objected to by local residents due to existing traffic issues around the South Circular Road area.
Labour city councillor Joe Leddin, who lives in the area and is aware of previous concerns raised, said there has been “a chequered history with this site going back a decade.
“I would certainly welcome some kind of development, but I don’t think it should be done in a piece-meal way. It is one of the last major significant sites within the city boundary, and I would like to see some kind of masterplan or blueprint.”
In May 2013, the then Limerick city council refused an extension to planning permission they received five years ago to build 353 homes, playing pitches, retail units and other facilities on the site.
A risk of flooding within the next 100 years has ruled out the construction of a massive housing development at the old Greenpark racecourse.
The full planning application can be inspected at the council’s planning offices at 7/8 Patrick Street.
No response regarding the works was received from the Limerick Racecourse Company at the time of going to print this week.