Dun Laoghaire's planned new diaspora centre will rival the likes of Sydney Opera House, according to the semi-state body behind the proposal.
Dun Laoghaire Harbour Company estimates the cost of the project at €50 million. Most of this will come from EU and State funding, but some €15 million in donations will be required for the scheme to go ahead.
It's expected that this money will come from corporate donors and private investors, both at home and among the diaspora.
Discussions have also begun with a view to twinning the centre with the Ellis Island memorial in New York.
The diaspora centre would directly provide 200 jobs in Dun Laoghaire, which hopes to begin welcoming the latest breed of cruise liners to the harbour next year.