The Government announced on 13 October last that it had agreed to commission a feasibility study for the development of a stadium for the new century. The concept for the stadium involves a design and quality that will make an inspirational statement about Ireland and its people as we enter the new century.
A consortium of consultants led by Price Waterhouse Coopers has been appointed to conduct the feasibility study. The study, which will be completed by mid-September, will assess the likely demand for and benefit of a major new sports stadium seating up to 80,000 people and catering for a wide range of sports and entertainment events.
I am delighted that we are getting this feasibility study under way. As we move into a new century, and at a time of improved economic prosperity, it is right that world class sports and entertainment facilities are available to our citizens. The nature of this high prestige initiative is such that it will require cross-departmental and cross-organisational co-ordination and my Department is best placed to do that. A significant time commitment is involved and the official who acts as secretary of the stadium steering committee has undertaken this task in addition to his normal duties. In addition to the administrative costs arising from the work of the steering committee, the main cost to my Department will be that of the feasibility study, which will be IR£380,033 or 485,542 euros.