Limerick City and County Council has given a go to the €80 Opera Centre site development.
The re-developed 50,000sq metre project should create around 3,000 jobs with 300 additional jobs supported during the construction stage.
The 2.8 hectare site will provide for a mix of office, educational, retail and residential uses over a five-year period.
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The publication by Limerick City and County Council of an invitation for expressions of interest in the site has triggered the go ahead for the development, which is a key element of the 2030 Economic and Spatial Plan for Limerick creating a new economic hub for Limerick city centre.
The President of Limerick Institute of Technology, Dr. Maria Hinfelaar, has today described the announcement of the go-ahead for the Opera Centre project as another key turning point for Limerick.
“At LIT we are looking forward to continuing to play our part in the redevelopment of the city centre by committing to the student accommodation element of the Opera Centre and expanding our core higher education facilities here also as part of the ongoing implementation our own wider campus masterplan- Campus 2030”.
“The economic revitalisation of Limerick is already underway but today’s announcement is a watershed moment as it effectively paves the way for one of the most significant investments ever in an urban centre in Ireland.”
“This development will do for Limerick what the IFSC and more did for Dublin city centre. It will add even further to the momentum already underway in Limerick which is very much the rising star of Irish urban centres and current investment flowing into it, including this project, reflects that.”