Talks start on payment of €30m Cork event centre funds

Talks are under way to finalise payment of €30m in public funding for the proposed Cork event centre. Tánaiste Simon Coveney confirmed that among the issues to be thrashed out is the repayment mechanism for the €9m loan element of the increased funding injection.

“The mechanism for that repayable loan now has to be worked out between Cork City Council, the Department of Arts, and with BAM [developer] to make sure that everybody can move ahead on that basis. Those discussions are under way and we always said that that would be what would happen through January while the planning process takes its course as well.,”