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#waterfrontproperty - People in Passage West, reports EchoLive.ie, have reacted with bitter disappointment to the announcement that the local dockyards are no longer to be sold to Cork County Council.
The Evening Echo revealed yesterday that the docks - the location for a major town centre regeneration proposal - has been taken off the market because of uncertainties surrounding Brexit.
The council had been granted €1.9m from the Government last November to buy the docks from the Doyle Shipping Group for a regeneration scheme that would see the docks become a modern waterfront settlement overlooking the harbour.
However, Brexit has led to the decision to take the site off the market, because it does not know what Ireland's future shipping needs will be.
Local Councillor Michael Frick Murphy said there is a lot of disappointment in the area and people feel the potential of Passage West is being thrown to the wayside.
For comments made by the councillor and more, click here.
The planned redevelopment of the dockyard site into a modern, urban waterfront settlement had been hailed as a ‘game-changer’ for the town when funding was secured to purchase the dockyard from the Doyle Shipping Group last November.
Cork County Council was granted €1.9m by the Government to purchase the eight-acre site but in a ‘bombshell’ announcement yesterday, County Hall chiefs said the site has been taken off the market and the funding would likely be lost.
Senior Executive Officer in County Hall, Jim Molloy, said the dockyard was no longer for sale because the uncertainty that Brexit has created for Ireland’s future shipping needs.
The announcement was described as a bitter blow for Passage West but Mr Molloy said a ‘wait and see’ approach is being adopted by shipping companies and ports until the implications of Brexit are known.
For more on the story click here.