State to plough €50m into stalled Cork event centre project as new funding deal announced

The state is poised to more than double its original investment in the stalled Cork event centre to €50m under the terms of a new funding deal revealed today.

The “non-repayable grant” will be combined with €35m from the developers, BAM, and venue operators, Live Nation, fuelling hopes that construction of the near €90m 6,000-capacity venue could start within months, pending no legal challenge and a green light from An Bórd Pleanála.