LIMERICK GAA’s €500,000 grant from the Munster Council has been approved.
At this Tuesday night’s May County Board meeting, club delegates approved the finer details of the financial package.
Prior to the monthly meeting in Claughaun, the details of how the half a million euro grant would be used was agreed between Limerick County Officers and the Munster Council.
Half of the grant, €250,000, is going towards completion of works in Mick Neville Park in Rathkeale.
Completion of the Centre of Excellence facility includes a 2,500 seater stand, new dressing rooms, meeting rooms and a gym.
This week’s County Board meeting heard that €350,000 is already set aside for the project from monies distributed from Croke Park after the Dublin stadium was opened to rugby and soccer. In total the Mick Neville Park project is to cost €1.1million and it is hoped that much of the remaining finance can be sought through a Sports Capital grant.
Elsewhere, Limerick are to use almost half of the Munster Council financial package for debt repayment.
A total of €133,000 is going to Croke Park to clear outstanding monies owed and a further €100,000 will be put towards bank debt.
That leaves €17,000 which is going towards remedial works in the Gaelic Grounds, including updating of the PA system.
“This grant will assist us greatly in moving ahead with the development project at our Centre of Excellence, which will see a modern facility constructed comprising of new dressing rooms, meeting rooms and gym as well as a spectator stand that will facilitate us in holding club championship and other games. The write down of debt will also greatly assist us in our day to day cash flow and will allow us to concentrate on continuing to grow and develop the Association in Limerick,” said Limerick GAA chairman Oliver Mann.
Munster Council Chairman, Robert Frost said that he was delighted to finalise the grant.
“The Council is very fortunate to be in a position to make grants like this available and we are most thankful to our supporters across the province, who attend our games in such large numbers each year,” he said.