Watchdog criticises €21m spend on greyhound stadium in Limerick

The public spending watchdog has criticised the outlay on a €21m greyhound stadium in Limerick, which has significantly increased the debt owed by the state body that oversees greyhound racing.

A Comptroller and Auditor General report on the development of the Limerick Greyhound Stadium found that Bord na gCon’s borrowings have increased from approximately €11m in 2007 to twice that today. Over the five years since 2007 it has spent €28m on capital investment, €12.5m of which was funded by further bank borrowings.

A total of €21m was spent on the Limerick Stadium at Greenpark, which was completed in October 2010.