Revisions to regeneration plan ‘common sense’

CHANGES to the Limerick Regeneration plan that will extend the time-scale from 10 to 15 years and reduce the Government contribution from €1.6 billion to €924 million was yesterday welcomed as “an outbreak of common sense”.

The original plan, launched in October 2008, envisaged private developers investing €1.4bn.

The property crash has forced the two regeneration agencies to revise the original plan in a new submission to Government, which has now been finalised.