Public pays out E25m for Punchestown development

PUNCHESTOWN Racecourse has received almost E25m of public money in less than a decade for developments, including the infamous exhibition and event centre.

And despite having 20 acres of residentially zoned land available for development or sale, the racecourse is due to get another E2.6m loan from the State.

Some of this loan is being used to pay back a E2.1m investment by the Getty family the US billionaires.