Council urged to halt further retail developments in Shannon town centre

Consultants for a Co Kildare-based company behind the €60 million redeveloped Shannon town centre have warned that any additional zoning of land in Shannon for retail will undermine the viability of the town centre.

In 2004, STC Developments opened the 60-unit Skycourt shopping centre in Shannon to cater for people living in Shannon and working in the Shannon Free Zone.

The most recent accounts lodged by STC Developments to the Companies Registration Office show that it wrote down the value of its stock from €2.8m to €1.2m in 2010.