Monday 16 January 2017

Munster: '€2m down the swanny' yearly due to land repayments

Published 26/07/2014 | 12:00

THE HIGH price of lands bought by Louth County Council at the height of the property boom was raised again at the July meeting.

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Cllr. Imelda Munster criticised the fact the loan repayments for these lands amounted to €2 million every year.

'This is non-sensical. We should write to the department again to urge them to consider the amount having to be paid every year. It is effectively €2 million down the swanny.'

Chief Executive Joan Martin told the meeting there was a push on at national government level to address the issue of social housing demands.

She said there was a possibility that the land bought by Louth County Council could be used to address this demand in Louth in the future.

The Argus

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