Taxpayers pay price as 90 IDA factories lying idle

ALMOST 90 IDA factories are lying idle throughout the country, many of them being rented at an annual cost of over €2 million to the taxpayer.

A decades-old IDA commitment means the agency is renting 34 empty facilities which, at current rates, will have cost €83m before leases run out in 15 years.

In addition to the 34 rented properties, the IDA owns another 53 factories which are also lying idle following the agency’s worst year in a decade for attracting full-time jobs.