The Irish Times is reporting that RTÉ is planning to
sell half of its Donnybrook site, potentially yielding €70m for 15 acres. Rounding down a little, this gives €4.5m per acre.
Right across the road is a large site owned by Dublin Bus. I calculate it at seven acres. During the night it stores buses. During the day it is mostly empty.
It is not a very efficient use of land. Private operators do not have depots anywhere nearly as close to the city centre where land is so valuable.
Isn't it time to sell up? Seven acres at €4.5m each is €31.5m. This could easily pay for a bigger and better depot further south along the N11, with plenty left over. Staff would also face much lower housing costs too.
We all know that DB management is not particularly dynamic in this regard (they sat on their city centre property through the last boom too). Does the NTA have any role in forcing sensible asset management by the CIÉ companies?