And so @DubCityCouncil meeting ends w/ 42 acre public land on #OscarTraynorRoad worth €44 million being given to @GlenveaghHomes & in return DCC will pay developer €58 million more than it would cost to build directly. @greenparty_ie @labour join FFFG in the great giveaway. pic.twitter.com/sYtXciBJ5G
— Cllr. John Lyons (@CllrJohnLyons) November 22, 2021
Last night.
The vote was approved 36 to 23. Councillors had put forward a plan to have the land developed directly by the council but an assessment by the Department of Housing found it would be at least five years before the project would be at the ready to build stage.
Councillors approve plans to build 850 homes at Oscar Traynor Road site (Irish Examiner)
Pic: Wikimedia
Meanwhile…
Imagine voting against a request for key information on the financial aspects of the #OscarTraynorRoad deal which involves transferring public land to private developer @GlenveaghHomes? Cllrs from @greenparty_ie @labour just voted against my Section 136 request. Incredible.
— Cllr. John Lyons (@CllrJohnLyons) November 22, 2021
Um.
I just can not understand this
…which part,that FFG is corrupt and captured ?
Or that the Green Party continues support it.
There’s some stink off this.
John Lyons is a PBP commy loon. This ain’t perfect but good intentions don’t build housing. Developers do
….yeah except they not real developers,x NAMA and JLW,a glorified second hand car salesman with no taste,flair or experience,Arthur Daly Developments.
If we can throw a 3000 million sop at Broadband and it’s boyos, there’s no excuse for not throwing 60 million at state-built housing on state land.
Bodger you must be taking way too much horse medicine to not go for the headline “And the Oscar goes to….”
On track to build a paltry Mickey Mouse 1,000 units this year,how much does 4,600,000 per unit sound.
Why are we living full time in granny’s caravan/shed/basement/attic ?
Because…..
‘Glenveagh Properties chief executive Stephen Garvey earned €4.6 million from selling four million shares in the listed Irish property developer on September 17th,‘
Dumb corrupt paddies now give him free land,state assets,I’m actually glad be in NY today.
https://www.independent.ie/business/irish/glenveagh-ceo-cuts-stake-with-46m-sale-of-shares-on-open-market-40870497.html
are they still doing free construction work for insurance company CEOs?
Directors:
John Mulcahy – Executive Chairman
Stephen Garvey – Chief Executive Officer and Executive Director
Michael Rice – Chief Financial Officer and Executive Director
Robert Dix – Senior Independent Director
Richard Cherry – Independent Non-Executive Director
Cara Ryan – Independent Non-Executive Director
Pat McCann – Independent Non-Executive Director
Camilla Hughes – Independent Non-Executive Director
Chloe McCarthy – Company Secretary
Maynooth, Co. Kildare, Ireland
Lash something up over the few days,Mulcahy made the decision to sell off NAMA -your assets- as he did not have the skill set to lead or build an asset management team.his background was sales or the help,so he chocked and was unable do his job,flogged the lot to yanks.All they have been doing lately is flipping sites and goosing or driving up,their own share price via buybacks ( cash from flipping sites instead building).
https://glenveagh.ie/corporate/investor-centre/investors-events
“Councillors had put forward a plan to have the land developed directly by the council but an assessment by the Department of Housing found it would be at least five years before the project would be at the ready to build stage.”
Wow, that sounds like a great plan, I can’t believe that the council didn’t go for that…
When can the developers have the project ready? And if immediately/a lot sooner, then why can’t the council do likewise?
This is no clearer as to why 5 years, I don’t see why they couldn’t do direct build with 100% social, affordable and cost rental homes.
“An alternative plan proposed that the entire scheme be developed by the local authority, with 80pc used for social/cost rental and 20pc designated for affordable housing.
However, following an assessment by the Department of Housing, it was feared this approach would result in delays of at least five years before work could even begin on such a large-scale project.”
https://www.independent.ie/regionals/dublin/northside/news/over-850-homes-finally-get-the-green-light-for-controversial-oscar-traynor-road-site-41080682.html
Love to know how many architects, planners, structural engineers and accountants are employed by DCC. Building sound safe houses is not that difficult.
You’ll probably find it’s quite low, worked in an LA for a while and the small numbers they have usually deal with the reviewing of plans, and wouldn’t have the experience for large-scale developments.
@Bottler – plenty of them working in the Dept of Housing?
Further supports a lack of trust in government, clearly, corruption is rife, why would the public believe a thing they say.
We have GOT TO get corruption out of Irish politics and the building industry. They are wrecking the country for all generations now. Follow the money trail behind all perplexing decisions.
im a socialist, but find it double standards when the public want the council to build the housing themselves. We live in a capitalist society were we rely on private enterprise to deliver most as we dont want to pay higher taxes. we have private healthcare so we can visit the beacon. we endevour to send our kids to private schools. we buy our stuff food, clothes from private shops.
either we go communist, and agree sharing is better and agree social mobility is next to impossible and can only be achieved with communism. my view is that there are enough housing in the country. walk down the rich areas of dublin and you will see mansions with single persons living there.
communism built some great apartments throughout the soviet union. council houses built in the 60s in the UK are better than the cheap private enterprise equivalent.
The Public would like to see value for money.
– If it’s cheaper for the state to build houses on state land with state money (our taxes in other words) it’s not a double standard to expect them to do it if it saves us money.
– Private health insurance exists because the State again wastes money (our taxes once again) on a management-heavy beast and instead of supplying the service it was intended to do, it supplies pen pushers with an ultra-comfortable life. Not to mention €400,000 per annum for the likes of Reid.
If a population is paying (very) high taxes, they expect a return for those. The situation here is that some private companies/people (same faces usually) pay little or no taxes here but get tens of millions, and thousands of millions of our taxes as their return.
– Private enterprise relies on Government money (our taxes again) to provide their services. €3bn gift to the National Broadband folk?
I think Social democracy is what you will find to be the most popular throughout Europe. Not outright rejection of capitalism, less cronies involved. No one wants communism, as its economically disastrous, please!
There’s an awful bang of corruption from that.
So DCC are giving for nothing, land worth €44m to a developer to build housing and when it is completed will pay the developer the cost of building the units at a price €58m greater than it would cost to build by DCC itself?
If I’m stating the obvious it’s because it does not compute. Somebody explain to me how this makes sense – taking a valuable asset and turning it into a cost?
……after a few years at the dept of finance,one is hardly going work for DCC.
https://twitter.com/killianwoods/status/1454743389891616768?s=20
h/t Tom Gould,SF.
“̶.̶.̶.̶ ̶ ̶b̶u̶i̶l̶d̶i̶n̶g̶ ̶t̶h̶e̶ ̶u̶n̶i̶t̶s̶ ̶a̶t̶ ̶a̶ ̶p̶r̶i̶c̶e̶ ̶€̶5̶8̶m̶ ̶g̶r̶e̶a̶t̶e̶r̶ ̶t̶h̶a̶n̶ ̶i̶t̶ ̶w̶o̶u̶l̶d̶ ̶c̶o̶s̶t̶ ̶t̶o̶ ̶b̶u̶i̶l̶d̶ ̶b̶y̶ ̶D̶C̶C̶ ̶i̶t̶s̶e̶l̶f̶?̶”̶ – €58m more than what John Lyons claims they could build them for.
The Dept of Housing is of the opinion that DCC would be incapable of building the homes (at least within any reasonable timeframe).
Between John Lyons’s assessment and the Dept of Housing, I know whose opinion I would give greater weight to.
there is no dept of housing in Ireland-what does it do ?
“Records released under freedom of information to Thomas Gould, the Sinn Féin TD, have revealed that John McCarthy, the chief economist in the Department of Finance, was given an advanced copy of the ESRI report and when the findings were explained to McCarthy by a colleague, he replied: “FFS”.
The records, seen by the Business Post, have also shown that senior staff in the Department of Finance conducted a large-scale effort to debunk the ESRI report before it was even released.
It all started when McQuinn sent McCarthy a copy of a “quarterly economic commentary” he had drafted that was due for release in two days’ time. The report was titled ‘Prudent government borrowing can mitigate inadequate housing supply and upward pressure on prices and rent’. In summary, McQuinn concluded that the state had the capacity to “prudently” borrow up to €7 billion a year to provide extra funding for a significant increase in social housing construction.”
“there is no dept of housing in Ireland-what does it do ?”
I don’t know – it’s from the body of the article itself, perhaps you could write to Irish Examiner and ask them to clarify.
gosh,the person in charge this left some mess, at NAMA wonder whats he’s up to now ?
“The vast majority of homes in the National Asset Management Agency’s (Nama) 20,000-unit pipeline cannot be delivered before 2025, despite the agency controlling the residential lands for more than a decade.
Paschal Donohoe, the Minister for Finance, has said Nama’s 426-hectare portfolio of zoned land with potential for housing would be utilised between now and 2035.”
how to reward failure in Ireland,he hobbled NAMA,before leaving to eh build social housing.
hope he does a better job that he did at NAMA.
“Glenveagh chairman John Mulcahy, a Nama executive before helping launch the firm, earned a total pay package of €419,000 at Glenveagh last year, in addition to shares valued at around €2.2m he received last August.”
https://www.independent.ie/business/irish/pay-tops-105m-each-for-housebuilder-bosses-37987520.html