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The Comer brothers

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2

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    #32
    gordongekko
    Registered Users Posts: 5,301 ✭✭✭gordongekko


    rainybillwill wrote: »
    The Crown Square and Bonham Quay are both being developed. The Comers are sitting on derelict sites and will not develop them raising rents for the people of Galway.

    Only in the last few months. They have been idle for years.

    The comers are investing their own money into Galway the other 2 sites have developers who are or were involved in NAMA so they are being build off taxpayers money


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    #33
    zell12
    Registered Users Posts: 23,803 ✭✭✭✭zell12


    We want a free market capitalistic system where private property rights trump everything.
    We got that. What's wrong?!!

    Maybe look at all the 'empty' State lands in Galway - HSE, Army, Education, Transport, Councils, IDA...or massive car parks all over the place - that are 'holding' Galway back


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    #34
    afkasurfjunkie
    Registered Users Posts: 772 ✭✭✭afkasurfjunkie


    They’ve done sod all with the Shannon Oaks site in Portumna too.


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    #35
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    Childrenswear wrote: »
    I’d like to know their excuse for not paying the 112,500 owed - they can certainly afford it. My guess is they’re hoping the fine will be waived once the rezoning is sorted out.

    It doesn't work like that. Once levied it must be paid.


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    #36
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    afkasurfjunkie wrote: »
    They’ve done sod all with the Shannon Oaks site in Portumna too.

    They can't do anything with it until granted planning permission
    County planners due to make decision on Portumna Shannon Oaks Hotel refurb this month

    https://galwaybayfm.ie/galway-bay-fm-news-desk/county-planners-due-to-make-decision-on-portumna-shannon-oaks-hotel-refurb-this-month/


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    #37
    Mrs OBumble
    Registered Users Posts: 25,774 ✭✭✭✭Mrs OBumble


    [Deleted User] wrote: »
    It doesn't work like that. Once levied it must be paid.

    And it will be paid sooner or later.


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    #38
    at1withmyself
    Registered Users Posts: 2,495 ✭✭✭at1withmyself


    rainybillwill wrote: »
    They own more then one property in Galway my friend.

    And are any of them usable housing units?


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    #39
    rainybillwill
    Site Banned Posts: 136 ✭✭rainybillwill


    at1withmyself wrote: »
    And are any of them usable housing units?

    Maybe The odeon portfolio my dear friend??


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    #40
    zell12
    Registered Users Posts: 23,803 ✭✭✭✭zell12


    at1withmyself wrote: »
    And are any of them usable housing units?
    They own hundreds of flats/houses in Galway - all rented out
    http://www.thecomergroup.com/residential-portfolio-ireland


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    #41
    biko
    Registered Users Posts: 81,223 ✭✭✭✭biko


    I'd rather have Galway developers owning properties in Galway than Dubs or god forbid Mayo :p


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    #42
    mgn
    Registered Users Posts: 1,904 ✭✭✭mgn


    zell12 wrote: »
    They own hundreds of flats/houses in Galway - all rented out
    http://www.thecomergroup.com/residential-portfolio-ireland

    I knew that the owned a lot of property but dident realise that the were into the rental market that big.Good luck to them the came up the hard way.


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    #43
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    rainybillwill wrote: »
    They own more then one property in Galway my friend.

    They are a business who’s aim is to make profit it’s not their job to house people.

    A few in here wouldn’t last long in business.


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    #44
    at1withmyself
    Registered Users Posts: 2,495 ✭✭✭at1withmyself


    rainybillwill wrote: »
    Maybe The odeon portfolio my dear friend??

    Maybe you could explain or link to this portfolio?

    Link by other poster shows they've helped by renting property.

    I'm confused how you came to the conclusion they are causing a property crisis?


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    #45
    xckjoo
    Registered Users Posts: 3,354 ✭✭✭xckjoo


    mgn wrote: »
    I knew that the owned a lot of property but dident realise that the were into the rental market that big.Good luck to them the came up the hard way.
    It would be nice if they were pushed to something with the likes of the Corrib Great Southern site though. It's been derelict long enough


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    #46
    flazio
    Registered Users Posts: 12,919 ✭✭✭✭flazio


    biko wrote: »
    I'd rather have Galway developers owning properties in Galway than Dubs or god forbid Mayo :p

    I would rather people who would develop and use the property to its full potential, regardless of where they came from.


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    #47
    kippy
    Registered Users Posts: 18,467 ✭✭✭✭kippy


    flazio wrote: »
    I would rather people who would develop and use the property to its full potential, regardless of where they came from.

    Communism the only solution.


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    #48
    Wompa1
    Registered Users Posts: 8,170 ✭✭✭Wompa1


    zell12 wrote: »
    They own hundreds of flats/houses in Galway - all rented out
    http://www.thecomergroup.com/residential-portfolio-ireland

    I'll be damned! When does the Odeon Portfolio building plan commence or has it not even been approved yet?

    It looks like my current office is in the line of fire.


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    #49
    Wompa1
    Registered Users Posts: 8,170 ✭✭✭Wompa1


    Esteban Shaggy Criminal wrote: »
    It’s their land why should you are anyone have a say on what they do with it? Thankfully this is not a communist county. The vacant site tax is already a step way too far, interfering in privately owned land.

    City ordinance is used in cities in pretty much every major developed country in the world. It prevents derelict buildings or filth covered lots from hurting the value of surrounding properties. If I paid a million + for a property in the city and then some c*nt bought the place next to me and let it sit for years, have the grass and bushes overgrown, windows smashed in. I'd be furious.

    Other property owners deserve protection.

    In the US, even residential areas have ordinance through Home Owner's Associations. I don't fancy that level of governance, myself but there should be legal\financial recourse if your neighbor brings down the value of your home or property through their actions or inactions.


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    #50
    xckjoo
    Registered Users Posts: 3,354 ✭✭✭xckjoo


    Esteban Shaggy Criminal wrote: »
    It’s their land why should you are anyone have a say on what they do with it? Thankfully this is not a communist county. The vacant site tax is already a step way too far, interfering in privately owned land.
    Jesus man. What world do you live in? Ever heard of planning permission, zoning, city ordnances, property tax, etc? Don't think there's ever been a time you could just do whatever you want with privately owned land. Better watch of for those commies though. They gonna get ya


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    #51
    ben.schlomo
    Registered Users Posts: 12,019 ✭✭✭✭ben.schlomo


    There's a lot to be said for people sharing or swapping their tinfoil hats in this thread.


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    #52
    Robbo
    Moderators, Social & Fun Moderators, Society & Culture Moderators Posts: 10,560 Mod ✭✭✭✭Robbo


    ben.schlomo wrote: »
    There's a lot to be said for people sharing or swapping their tinfoil hats in this thread.
    How easy is it to tug the forelock of a tinfoil hat?


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    #53
    Storm 10
    Registered Users Posts: 5,905 ✭✭✭Storm 10


    Looking at the list of properties they own in Ireland is unreal, don't they own lots of property in the UK also, im sure they don't know what they own


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    #54
    mgn
    Registered Users Posts: 1,904 ✭✭✭mgn


    If i was living in Galway i would be more concerned about the state of the traffic in the city rather than what the Comers are doing with sites.


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    #55
    xckjoo
    Registered Users Posts: 3,354 ✭✭✭xckjoo


    mgn wrote: »
    If i was living in Galway i would be more concerned about the state of the traffic in the city rather than what the Comers are doing with sites.
    Jesus. People are coming from outside the county to complain about the traffic now and not even in a thread related to it. Those tinfoil hats might be needed :pac:


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    #56
    grbear
    Registered Users Posts: 693 ✭✭✭grbear


    mgn wrote: »
    If i was living in Galway i would be more concerned about the state of the traffic in the city rather than what the Comers are doing with sites.

    https://www.advertiser.ie/galway/article/108988/hanley-condemns-unpaid-dereliction-fees-a-disgrace


    ""In terms of the value of over €100,000 in context, we're talking about more than it costs to run the annual Christmas park and ride"


    Collecting the derelict site fees can help pay for improving/extending services like the Park and Ride and reduce traffic congestion in Galway.


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    #57
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    Comer brothers commit Athenry site for Galway United Centre of Excellence

    Galway businessmen Luke and Brian Comer have committed to doubling down on their partnership with Galway United FC by donating a site for a €20 million centre of excellence in Athenry.

    At Eamon Deacy Park this week the brothers announced that they will be extending their sponsorship agreement with Galway United by two more years.

    Full story here https://galwaydaily.com/sport/galway-united-comers-extend-sponsorship/


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    #58
    kabakuyu
    Registered Users Posts: 1,159 ✭✭✭kabakuyu


    The GMIT failed by not buying it when they had the chance, they could have developed an outstanding catering College/hotel that could have been opened to the public and may have been part self financing.They should have acted with more foresight when the hotel was put into Nama/foreclosure.

    The Comers are quite rightly attracting alot of criticism for not developing the site, but we also need to remember the start of the current situation.

    A local speculator purchased the hotel in 2006 for c.30 M(which was at the time doing a very good trade) and proceeded to wind it down with the intention to demolish it and seek PP for a higher density development.We now know this speculator was Nama'ed. to the tune of 778m:eek:https://www.irishtimes.com/business/commercial-property/nama-moves-to-sell-778m-barrett-loan-portfolio-1.1966608

    We the taxpayers picked up the tab for his unwise investments., but that is ok as the same speculator is now back in business and building for the people of Galway again:rolleyes:
    The comers purchased it for 3.5M in 2011 and have watched their investment grow.
    The main losers here are taxpayers and citizens, we picked up the tab for 26.5m for this hotel alone.


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    #59
    [Deleted User]
    Posts: 5,121 ✭✭✭ [Deleted User]


    GMIT taking over and running a big hotel is a big leap from training young people. It was never going to happen.


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    #60
    pure.conya
    Registered Users Posts: 904 ✭✭✭pure.conya


    [Deleted User] wrote: »
    Apologies for the confusion, but to clarify, I'm laughing at you.

    You seem to be trying to equate a number of issues as being a coordinated conspiracy to keep people from putting a roof over your head, not least that property developers don't want to develop and sell property.

    If the conspiracy forum doesn't interest you, then you should have a look at joining PBP as you would fit in well there.

    Otherwise, rather than some makeyupy theory, how about showing some actual factual evidence for your claims.

    makey upy theory? ah stop, there were 80k surplus properties when the crash happened, then nama, cerebrus etc. came along, conspiracy forum my ar$e, its a fact that this whole situation is being carefully maniplulated


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    #61
    pure.conya
    Registered Users Posts: 904 ✭✭✭pure.conya


    kabakuyu wrote: »
    The GMIT failed by not buying it when they had the chance, they could have developed an outstanding catering College/hotel that could have been opened to the public and may have been part self financing.They should have acted with more foresight when the hotel was put into Nama/foreclosure.

    The Comers are quite rightly attracting alot of criticism for not developing the site, but we also need to remember the start of the current situation.

    A local speculator purchased the hotel in 2006 for c.30 M(which was at the time doing a very good trade) and proceeded to wind it down with the intention to demolish it and seek PP for a higher density development.We now know this speculator was Nama'ed. to the tune of 778m:eek:https://www.irishtimes.com/business/commercial-property/nama-moves-to-sell-778m-barrett-loan-portfolio-1.1966608

    We the taxpayers picked up the tab for his unwise investments., but that is ok as the same speculator is now back in business and building for the people of Galway again:rolleyes:
    The comers purchased it for 3.5M in 2011 and have watched their investment grow.
    The main losers here are taxpayers and citizens, we picked up the tab for 26.5m for this hotel alone.

    wow, we are all some dopes


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