The Government have considered the report of the Temple Bar Development Committee and have decided that a company, limited by guarantee, on the lines of Dublin Promotions Limited, will be set up with a board including the members of the Temple Bar Development Committee; the new company will be mandated to consult with CIE and to draw up and bring back to Government specific development action proposals in accordance with the Dublin Corporation action plan for Temple Bar and the report of the Temple Bar Development Committee, subject to any appropriate modifications to the action plan agreed between the company and Dublin Corporation as the planning authority; and the proposals will assume that the Government will consider incentives, by way of amendment of section 4 of the Finance Act, 1989, related specifically to development of Temple Bar as a Government flagship project for Dublin European City of Culture 1991, plus associated rates remission, double rent allowances and owner occupier residential allowances as recommended in the report of the Temple Bar Development Committee.
The Lord Mayor of Dublin, Michael Donnelly, will act as chairman of the board of the new company. He is now making arrangements for the establishment of the company and for setting in train the work it has been mandated to do by Government.
When the Government receive the new company's proposals they will decide quickly on what action to take in developing the Temple Bar area.