CITY COUNCILLOR TO URGE RE-NEGOTIATION OF LAND PRICES

Date Published: 10-Nov-2008

A city Councillor says that land priced at almost 1 million per acre which the council are considering buying, is seriously overpriced in the current economic downturn.Cllr. Daniel Callanan says he will oppose the motion at tonights meeting to raise over 13 million euro to purchase a 14 acre site on the Letteragh road for social and affordable housing.Cllr. Callanan says that in the current climate, councillors should be asking for a much more realistic price on the land