Developers’ to receive €7m refund

Dublin City Council is to refund €7m collected from developers for infrastructure it did not build due to the economic slowdown and property crash.The money is a rebate of levies imposed as contributions towards the regeneration of the area around Heuston Station

The plans included a new urban quarter to link the city centre.

Two bridges were also proposed – one for pedestrians and cyclists, the other for motor traffic – connecting a new river terrace and a bus station.

Because the infrastructure has not been built within seven years, the levies must be refunded over the next five years.

Those being paid back include receivers for the Heuston South Quarter and the Clancy Quay projects which ran into trouble in the property crash. Source: RTE News