MONEY raised from the multi-million euro sale of a pub is to be used by the Society of St Vincent de Paul to help flood victims in Galway.
The charity has decided to release funds from the €14m sale of O'Connell's pub in Eyre Square to help families who have had their homes destroyed in Co Galway.
The St Vincent de Paul received about €7m from the sale of the pub and has allocated chunks of the windfall to specific projects in Galway.
Publican Maureen O'Connell, who was unmarried, left her landmark pub in Eyre Square to the charity when she died 11 years ago.
O'Connell's pub did not go on the market for almost eight years because of legal wrangles, but when it was finally sold in late 2006, it fetched a price of €14m.
It is estimated that the cost of a settlement with a tenant in the pub, massive legal fees going back eight years and smaller contributions to other charities, organisations and individuals consumed over €6m of the sale price.
With hundreds of families facing a wretched Christmas because of flood damage to their homes, St Vincent de Paul has decided to allocate money from the fund to help them.
A spokesperson declined to specify how much money was going to be allocated, but stated he was confident it would significantly help those affected.
"The money will be distributed to the various chapters of the St Vincent de Paul Society in the county and they will oversee its use," said the spokesperson.
He appealed for clothes and household items to be donated to the families impacted by the floods.
Fears were growing last night that the flood situation in south Galway was poised to get worse over the weekend as incessant rain throughout the day added to the problem.