Battlelines drawn on motorway
Published 29/10/2010 | 05:00
JACKSON Way is a company that owns a parcel of land along the M50 near Carrickmines in south Dublin.
Control of the company is believed to be vested in holding companies in Panama, the British Virgin Islands and the Isle of Man.
When Dun Laoghaire-Rathdown County Council decided to use part of the site for a motorway, it faced a compensation claim from Jackson Way. Eventually, part of the Jackson Way lands were taken over by the council for roadworks near the now-completed south eastern motorway, the final stage of the M50.
Lawyers acting on behalf of the company sought compensation of €113m for the loss of the 20 acres.
They based their compensation claim against the State on the basis that the last section of the M50 motorway cut their lands off from Foxrock in south Co Dublin
The council argued that the M50 had been planned and executed by the State and a link road actually opened up access to the Jackson Way lands.
An independent arbitrator decided the amount of compensation should be €12.5m.