Council plans €45m spending spree after sale of land

WATERFORD City Council is planning a €45 million spending spree on roads, parks, playgrounds and the arts funded by the sale of a major chunk of its land.

The sale of the 32-acre Killure landbank just before Christmas will allow the local authority improve the quality of life enjoyed by citizens, city manager Conn Murray said.

The prime city council land fetched €45m, twice its guide price, when it went under the hammer at public auction and was snapped up by Dublin-based developer Ed Douglas last year.