The Cork Events Centre is a project being developed and managed by Cork City Council. My Department allocated €12 million to the City Council towards the cost of the Centre. This allocation is subject to a Service Level Agreement with the City Council to ensure compliance with all relevant requirements in relation to major capital projects.
Last month, my Department received a report from Cork City Council that the developer has now informed the Council that the overall project costs have risen to €65 million which is an increase of approximately €12 million.
The Department has not been informed of any details of the costing other than the headline figure. Nor has my Department received a request from the Cork City Council, as project promoter, for any additional funding over and above the €12 million already committed. I will consider the issue further should my Department receive any such request.