David McWilliams: No ghost of a chance as zombie Anglo stalks land
Published 14/04/2010 | 05:00
Employ the hardest liquidator in town to do the negotiations -- then move on and learn from this disaster
BACK in 2006, I first wrote about 'ghost estates' after driving back to Dublin from Westport. The description seemed to stick because it was simply putting a name on something that we were all aware of, as estate after estate sprouted up all over the country. It seemed logical to argue -- even then -- that these places would become the ghettos of the future. And so it has come to pass.
Yesterday, the head of NAMA, Brendan McDonagh, admitted that many of these developments would have to be knocked down in the years ahead. Extraordinary.