Council to invest in events centre

CORK city council is poised to invest up to€12 million in the development of a major indoor conference and events centre, it emerged last night.

Details of the proposal, which would see the city taking a 25% equity stake in the project in partnership with a private developer, will be outlined on Tuesday.

The city’s ambitious new drive to secure the venue — seen as crucial to boost Cork’s business tourism — follows years of frustration and false dawns.