Apartment block demolition to cost NAMA €150,000
THE demolition of an apartment block in Longford is set to cost the National Asset Management Agency (NAMA) €150,000.
Last week, NAMA announced its intention to demolish an apartment block containing 12 apartments at the Gleann Riada estate in Longford town.
Finance Minister Michael Noonan said that NAMA "has made a provision of €150,000 for all demolition and remediation works relating to the block".
Sinn Fein's Dessie Ellis said last night that the €150,000 costs "are unavoidable, but it is inevitable that there will be more demolitions by NAMA across the country".
He added: "It is a total disaster. Already, the taxpayer has paid for the apartment block and is now paying another €150,000 to demolish it."