U2 studio site developers battle council over €472,000 Luas cash
The developers of the site where U2 recorded some of their best-loved albums have entered a battle with Dublin City Council over a disputed Luas Red Line payment of almost €500,000.
Hibernian REIT is one of the largest property players in the country.
Last year it purchased the Windmill Lane studio site and adjoining site at Sir John Rogerson's Quay for a combined €25.25m.
Last month, Dublin City Council gave the property firm the go-ahead for revised plans to construct a €50m mixed use development on the Sir John Rogerson's Quay site.
The revised six-storey plan for Sir John Rogerson Quay is a marginal decrease on the original 2008 permission.
However, the City Council has slapped a €472,878 bill on Hibernia towards contributing to the Luas line from Connolly Station to Point Square.
However, Hibernia has now appealed against the condition to An Bord Pleanala.
Hibernia claim that the concondition seeks to retrospectively apply a contribution to a plan that was granted planning in November 2008.