Cork events centre plans in turmoil as developer pulls out

Plans to build a multi-million euro events and conference centre in Cork is in turmoil after one of two developers — O’Callaghan Properties — who were in the running pulled out at the final tender stage.

The venue’s proposed operator, Live Nation Ireland, has also expressed concerns about certain terms in the tender process, leaving question marks over the validity of the only tender now left on the table — the Brewery Quarter project. It will be examined this weekend by an independent panel overseen by PwC to determine whether or not it is valid.

The news emerged last night after the deadline for submission of the final tenders passed.