Cork Corporation has agreed to dispose of land for this shopping centre to the developer. The land had been acquired as part of a larger property acquisition, portion of which is intended for future road construction. I understand from the corporation that the disposal of this land, which is surplus to roads requirements, has been approved by the elected members and, as the disposal took place on a commercial basis, my approval was not required.
On 24 September, I approved a non-Exchequer loan of £3.8 million for the construction of a multi-storey car park which will be owned and operated by the local authority and which will form part of the complex.