UCC gets go-ahead to transform former bank

Councillors formally agreed 23-4 to dispose of the former Cork Savings Bank premises on Lapps Quay to UCC for €1.425m after getting assurances that it was the best offer available, and that the building will be available for up to 12 civic functions a year.
The disposal price is almost twice the reported €800,000 acquisition price but council chief executive, Ann Doherty, said the deal will result in a €400,000 ‘benefit’ to the city once costs are covered.