[Grand_Rajnah]

I was actually at a Student Conference this morning, and Prof. Norton was in attendance. We had a chance to ask him some questions, and Grangegorman was very much to the forefront of the discussion, understandably.

He said that the media has sensationalised it a lot and confirmed that the development will take place.

He said that only about 20% of the funding was coming from the government. The source of the other 80% was still being sourced as originally planned.

Aside from that, it hasn't been scrapped, it has been delayed by 1 year. Payment will be made for the project, only it will be one year later than was originally planned. Grangegorman is a priority one project for the Government, and the minister said as much in his speech yesterday if you read the full transcript and not just the bit that was aired on TV.

Prof. Norton also said that it won't delay the project by much at all, as they are simply going to reschedule the building works.

Another point he mentioned is that the college already has a substantial amount of money in the bank for use on the development, and that the An Board Pleanala hearing will be in the very near future, within the next two weeks, he didn't have the date to hand.

The rest of the conversation we had with him was under Chatham House Rules, so I can't go any further into what he said.

TL;DR - The project is still progressing, however it will be in a slightly different order to what was originally planned.

[overshoot]

and that the An Board Pleanala hearing will be in the very near future, within the next two weeks, he didn't have the date to hand.

ABP hearing about a 2billion development under his control and he isnt sure of the date
wasnt the rest of the funding meant to come from the sale of the other DIT properties.... while the cost of construction has fallen by about 33% hasnt land values in Dublin fallen further? pretty sure its nearer 50%. i can only see bigger and bigger shortfalls in funding...
and he is in dreamland if he thinks the government will pay up next year, especially when they can renage on stuff like the st andrews agreement (regarding the N2/A5 but thats a different thread)

[Grand_Rajnah]

Originally Posted by overshoot

ABP hearing about a 2billion development under his control and he isnt sure of the date
wasnt the rest of the funding meant to come from the sale of the other DIT properties.... while the cost of construction has fallen by about 33% hasnt land values in Dublin fallen further? pretty sure its nearer 50%. i can only see bigger and bigger shortfalls in funding...
and he is in dreamland if he thinks the government will pay up next year, especially when they can renage on stuff like the st andrews agreement (regarding the N2/A5 but thats a different thread)

He knew it was either next Weds (may not have been Weds, I can't remember), or the weds after, I'm sure he has an awful lot on his plate lol.

It was, but he said that DIT never revalued their buildings upwards during the boom, so they are still worth what they said they were worth during the boom - I'm not too sure of the inns and outs of it, there's a reason I nearly failed Management Accounting!. He didn't give details, but was quite certain that they would sell. He said that there was also other sources of income, however he didn't specify.

With regards to the Government reneging on the agreement, Prof. Norton was quite confident it wouldn't be (I'm assuming he knows something he didn't tell us), and it's not payable for another couple of years anyway.

[PseudoFamous]

Originally Posted by Grand_Rajnah

Aside from that, it hasn't been scrapped, it has been delayed by 1 year

So it's due around 2053-ish, then?

[Grand_Rajnah]

Originally Posted by PseudoFamous

So it's due around 2053-ish, then?

There or there abouts!

[Captain_Generic]

I assume they can subsidize the 20% with all the money they saved in the last 10 years from not improving any of the facilities under the pretense that "everything's moving to Grangegorman". They had it under control the whole time, like a gymnast with a bag of cats.