A submission on behalf of the landowner, John Ronan, to the local authority said the rezoning of the lands as “special development’’ could accommodate and support 1,500 to 3,500 jobs on site with up to 1,000 jobs being created in the first three years.
Mr Ronan, a native of Carrick-On-Suir, plans to develop a technology-based industrial park embracing more than 260 acres of the site at Coolnamuck, two miles from his home town.
A further 49 acres are being designated as an open space that will provide an attractive riverside and parkland setting for the site.
The submission to the council has identified the lands as a strategic development opportunity for Co Waterford and for Carrick-On-Suir, which has suffered major industrial setbacks over the years.
The submission says the site can provide a high quality technology park to accommodate companies involved in information, communications, biotechnology, medical devices, research, and development.
A document presented to Waterford County Council by Cork-based architects Atkins, Henry J Lyons and Partners stated that the lands have a catchment population of 425,000 within a 50-mile radius increasing to 500,000 by the year 2020.
Support for the rezoning was unanimous among the members of the council and the decision has been welcomed by Carrick-On-Suir Town Council.
Cllr Denis Bourke said: “This is a huge boost for Carrick and will be of enormous benefit also to people living in other parts of South Tipperary, Waterford, and Kilkenny.”
A spokesperson for Waterford County Council said an area action plan would have to be submitted before a planning application can be made for developments on the site, which presently accommodates a farm residence, outbuildings, stables, and sheds.
The lands are also sub-divided into four principal fields accommodating mixed farm uses.
There has been no public comment to date on the multi million euro plan from John Ronan. A spokesperson for Treasury Holdings, of which he is the founding shareholder, said Mr Ronan does not do media interviews.