Council buys controversial site for €9.75m

CORK County Council has struck a deal to buy a controversial 20-acre site in North Cork, which is the subject of two probes, saving itself nearly €2 million on the contract it previously signed.

The site hit the headlines last July when it emerged a complaint had been made to the council by Pushkin Developments.

The company alleged two bankers had agreed to buy the site from it for €8m, but even before they had signed on the dotted line they were in negotiations with the local authority to sell it on to them for €11.6m.