Cork GAA chiefs expect the total cost of redeveloping Páirc Uí Chaoimh to now exceed €78m, but are adamant the increase will be covered by the sale of long-term tickets.
On Tuesday night, county board delegates assembled for a special meeting where they were appraised of updates regarding the project, including the appointment of John Sisk & Son (Holdings) Ltd as main contactors.
A presentation detailed the remaining work, with each stand to be treated as a separate site so as to allow progress in tandem with each other. Cork hope the stadium will be finished on June 2, 2017 with a total capacity of 45,000 — 13,000 in the south (formerly covered) stand, 8,000 in the north stand and 12,000 on each of the terraces.
The rise in cost from the originally projected €70m was put down to increased construction costs after a prolonged recession, extra piling, the relocation of floodlights, and the implementation of a sprinkler system.
With €63.75m worth of funding in place — subject to EU clearance, which the board are confident will arrive by January at the latest — a ticket scheme will cover the remainder of the €78.4m costs. Naming rights are an option for further funding.
In a statement yesterday, the board made it clear the stadium would be an integral part of the new Marina Park project, with a good relationship existing with local residents after four years of consultation.
“The board has worked very closely with Cork City Council and its appointed consultants for Marina Park to ensure the facility integrates with the public park,” it said, while chairman Ger Lane added: “The Cork GAA public deserves top class, modern facilities to house its games and to meet today’s expectation of players, coaches and spectators alike. The city will also benefit considerably from the economic benefits to be generated by major games and events at the stadium.”
In addition, Cork and Chill Insurance have announced a renewal of their sponsorship deal. The new three-year agreement is said to be seven figures and will cover senior and U21 hurling and football teams.
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