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.
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