Smart or crazy?
With the master plan for regeneration to be unveiled in the next week or so, a large property deal has taken place out near Moyross in which Fordmount developments have paid in the region of 20 million euros for approx 80 acres of land around Delmege House. The lands which have more than their fair share of burnt out cars on them are to be used to build an industrial estate. The lands themselves for those not quite sure of their location are out past Moyross and on the road up towards Meelick on the left hand side. According to the Limerick Leader Tax incentives to attract investment and employment into disadvantaged areas of Limerick were a central plank of the John Fitzgerald report and Limerick Regeneration chief executive Brendan Kenny told Clare county councillors this week that over 2,000 jobs could be created on an industrial estate to be built on the Delmege lands.
In the current climate and negative vibes in the construction industry would this be considered a smart move for future potential or a potential red herring which may takes years to make a return from??