Land sale set to ease Cork’s €23m Páirc Uí Chaoimh debt

A 20-acre landbank on the northside of Cork city holds the key to paying off the €23m debt Cork GAA is left with following the redevelopment of Páirc Ui Chaoimh.

The final bill for the redevelopment of the stadium in Cork will now run over €86m, Cork County Board chairman Ger Lane confirmed yesterday to the Irish Examiner. That’s more than €16m above the estimated cost when contractors were appointed to the project just over two years ago.

The board’s annual report is due this week, but in response to a series of questions from Examiner Sport, the county board chairman has confirmed that, at present, Cork GAA is looking at a €23m shortfall for the project. However, the situation is far from bleak, Ger Lane insisted.