Fears for Cork event centre as State classifies €9m of funding as loan

New fears have emerged about the viability of the stalled Cork event centre process after the classification of €9m State funding as a loan.

Fears for Cork event centre as State classifies €9m of funding as loan

New fears have emerged about the viability of the stalled Cork event centre process after the classification of €9m State funding as a loan.

The Irish Examiner has learned that Cork City Council plans to seek legal advice on the Department of Art’s decision to classify €9m of the increased €30m State injection into the development of the 6,000-capacity venue on South Main St as “a repayable loan”.

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