FlutterinBantam wrote: » WTF This lad seems to be deep in the smelly stuff. Still holding a spot in Dail Eireann.:eek: I hear that his companies are about to be taken over, and yet he portrays and projects a liberal image such as legalising weed and using his 'projects' to facilitate anti EU stuff. Chickens have come home to roost Mick;)
Crosáidí wrote: » WALLACE WALLACE WALLACE AAAAAAAAAAHHHHHHHHHHHHH!!!!!!!!!!!!!!!!!!! great movie Braveheart
stovelid wrote: » The one asset of his that urgently needs to go into recievership is those purple shellsuit bottoms I sometimes see him wearing around town.
Camackaze wrote: » He's a decent skin. Hopefully his financial troubles don't affect his Wexford Youths project
jdivision wrote: » Eh he's been in trouble for years, was very open about it during the election and since. He believes in things and put money into them - more than a million into Wexford Youths football complex, a huge donation. I was at an event once organised by Dublin City Council and he was a speaker and he tore into them over what they'd done to the city and how it wasn't being run for the benefit of its people - he got a massive round of applause. It looks like he might have been right on Nice, Europe is being run by the Germans and French for their own benefit, despite all the promises. Bloom's Quarter is one of the nicest developments from the boom - it has a bit of a soul and vibe, would struggle to think of anything else that was built that has that. He deserves credit for having the balls to get some stuff done.
the_syco wrote: » But none of his companies owed anything to the Irish banks...
The Irish Times wrote: ACC Bank has had a receiver appointed to a number of properties controlled by Wexford TD Mick Wallace. Declan Taite of FGS has been appointed as receiver to the Italian Quarter on Ormond Quay, the Behan Square apartment complex on Russell Street near Croke Park and to development land in Rathgar. All the assets were under the control of Mr Wallace's main development company, M&J Wallace Ltd. It is understood that ACC Bank is owed €20m and had fixed charges over the specific assets in question. Mr Wallace has said that he owes a total of over €40 million to the banks but doesn’t believe he will be declared bankrupt, which would disqualify him from membership of the Dáil. Accounts for the year to the end of August 2008 show MJ Wallace Ltd owed the banks €42.7 million. It lost €2.67 million during the year and wrote down assets by €2.12 million. At the end of the period, the company had shareholders’ funds of €13.5 million. Mr Wallace and his fellow director and son Sasha Wallace received remuneration of €289,605 during the year. Mr Wallace said earlier this year the company, which develops property in the Dublin area, was getting temporary tax certificates from the Revenue Commissioners to allow it to work and to earn money which is used in part to pay debts to the Revenue.
patneve2 wrote: » In his defence he did develop quite a successful and vibrant area (the "Italian quarter") just north of the Liffey. Most developers built soulless apartment complexes/housing estates.
Badgermonkey wrote: » :eek: Given it's a junkie short-cut with a mural, I'm not too sure it ranks far above Liam Carrolls crimes against architecture.
Badgermonkey wrote: » :eek: Given it's essentially a junkie short-cut with a mural, I'm not too sure it ranks far above Liam Carrolls crimes against architecture.
FlutterinBantam wrote: » Yeah, should have stuck to building and left politics to those who understand it. Owes 42 million, not much balls in running that bad boy up.
Dean0088 wrote: » Politician/developer gets into debt because of the recession. Didn't realize it was 2008 again. Although I will say the Italian quarter next to the Jervis is a pretty nice place - apart from the scum who reside on the LUAS tracks beside it. Couldn't be all bad, this Wallace.
delta_bravo wrote: » ACC are looking for a few million off him so I don't think thats true. Edit: Not just a few, €20 million
Nevore wrote: » Decent coffe, decent food. That puts it leagues ahead of pretty much every where else in the city.
AnonoBoy wrote: » That's harsh. Some nice coffee shops and restaurants there. Decent enough spot in town.
Badgermonkey wrote: » You're possibly both right. I'm making the mistake of comparing the 'Italian quarter' to Italy.
FlutterinBantam wrote: » Just do what you are paid to do Mick, leave the peripheral stuff and the politicking to those who understand it.
Nevore wrote: » The last thing we need is more professional job for life politicians.
fcuking public are not idiots;)
apart from the scum who reside on the LUAS tracks beside it
FlutterinBantam wrote: » Would have thought that the last thing we need is jumped up gimps with a bit of money behind them at the time, telling us what way to vote. General expression there, no personal liability impugned. You gotta be able to stand over your statements, no use mouthing off from a position of advantage.
Nevore wrote: » You were telling us what way to vote at the time, albeit you don't need a bit of money behind you to do it on boards I guess, but other than that I'm not sure I see the difference.
