€1m sports complex loan cleared

CORK City Council has cleared a €1 million interest-free loan to expand a flagship publicly-owned pool and gym complex.

Councillors voted to ratify the loan for Leisureworld after assurances from city manager Joe Gavin that the company is in a position to repay the loan in equal instalments over the next 10 years.

He said revenues generated from the enhanced facilities will cover the costs.