Doubt cast over developer's ability to fund Waterford Quays regeneration

Falcon Real Estate has until Saturday to provide evidence of €400m funding

Artist's impression of the proposed redevelopment of Waterford's North Quays.

It is "unlikely" the developer behind Waterford's long-awaited North Quays regeneration will be able to meet the project's funding requirements, according to the chief executive of Waterford City and County Council.

It comes following intense speculation around Falcon Real Estate's stated €400m commitment to the project, which was hailed as "the largest urban regeneration project" in the country last year.