Deal on State’s €12m funds for event centre set to expire

A licensing agreement on the €12m Government funding pledged to the stalled Cork event centre expires next year, it has emerged.

Any revised funding deal for the venue, which has seen costs soar from €50m to at least €75m, and which is seeking another €10m in State funding, will require a new agreement.

It prompted calls last night for all involved to get a move on, amid fears the funding could be at risk.