My Department pays a subsidy on the swimming pool element of the annual loan charges incurred by Galway Corporation on a 35 year loan of £250,000 raised in 1971 to develop the Leisureland Complex. Over the past ten years, the amount paid was £29,507. My Department has not paid any other grant or subsidy in respect of the Leisureland Complex over the past ten years.
In November 1992, I sanctioned the raising of a non-subsidisable loan of £0.5 million by Galway Corporation for the redevelopment of the Leisureland Complex.