Regeneration masterplan unveiled
When it was initially incorporated, The Limerick Regeneration Agency was expected to have a life of five years, however, following yesterday’s release of the regeneration masterplan, it now appears that the 3.1 Billion euro project will take ten years.
Here is a brief summary of what is contained within the plan
Moyross:
Public funding required: €727.7m
Private funding required €467.7m
Total: €1395.4m
- Moyross to be divided into five estates, each having their own distinctive characteristics. These estates will also have improved road networks.
- A town centre for the area including a main street.
- A Garda station to be built in the area
- A railway station
- Longpavement landfill site to be turned into a park
- Almost 2,000 mixed residential units.
Southill/Ballinacurra Weston
Public funding required €647.5m
Private funding required €506.7m
Total €1154.2m
- Indoor sports centre to be located on the site of the existing St. Enda’s sports centre.
- 3,000 homes to be built in Southill, 2,200 of these will be sold on the open market. Weston to get 350 new homes.
- Galvone industrial estate to be rezoned from Industrial to general purpose.
- The demolition and relocation of both Holy Family Church in Southill and Our Lady of Lourdes Church in Weston.
- A new community and healthcare centre located where the Roxboro Shopping Centre is now.
- Redevelopment of Caladonian Park.
- Relocation of Limerick Senior College to the southside of the city.
St. Mary’s Park
Public funding required €299.6m
Private funding required €425.8m
Total 725.4m
- St. Mary’s park to be divided into seven quarters, residents will be invited to name these quarters.
- A new bridge linking the Island to Thomondgate
- A riverside walkway around the entire island
- Possibility of a viewing tower and marina.
The demolition of derelict houses in these areas has already begun, however it is unlikely that construction work will begin before 2010.