Removal of development levies proposed for Regeneration sites

first_imgRELATED ARTICLESMORE FROM AUTHOR Previous articleSoccer – Limerick FC all set for “Sold Out” FinalNext articleRugby – All Ireland League returns, Munster face Dragons Alan Jacqueshttp://www.limerickpost.ie Limerick Ladies National Football League opener to be streamed live Limerick’s National Camogie League double header to be streamed live TAGSCllr Joe LeddinDevelopment Contribution SchemeLabour PartylimerickLimerick City and County CouncilLimerick Regeneration Programme NewsRemoval of development levies proposed for Regeneration sitesBy Alan Jacques – September 17, 2016 827 Cllr Joe LeddinCllr Joe LeddinLOCAL councillors have been asked to consider removing the development levy on designated lands within Limerick’s regeneration areas as part of the new five-year Development Contribution Scheme.At a recent meeting of Limerick City and County Council’s Economic and Planning Strategic Policy Committee, Cllr Joe Leddin said that if the local authority wanted to encourage and incentivise potential business to locate within Regeneration areas then they should offer a good enough reason to do so.“We have vast tracts of undeveloped land both on the Northside in Moyross and on the Southside in Southill,” he said.Sign up for the weekly Limerick Post newsletter Sign Up “The regeneration project operates within social, physical and economic parameters but the economic element has failed to meet expectations in terms of job creation.“To normalise disadvantaged communities, we need to create local employment opportunities. But charging potential investors similar development levies regardless of where they locate across the city is pointless.”The Labour Party councillor believes Regeneration land throughout the city offers significant potential across a range of sectors from retail, warehousing, manufacturing, recreation and educational.“A zero rate development levy may be the catalyst that will draw attention on these lands which are also strategically located and serviced in terms of connectivity and accessibility. The reality to date is that very few businesses now exist in these areas as evidenced by higher than average unemployment rates.“By offering a zero cost contribution levy, we are suddenly increasing the possibility that these lands may reappear on the radar of investors who depending on their business model may locate or establish a presence based on competitiveness reasons.“Funds collected from development levies are an important part of the council’s overall income stream and while an initial loss may be accrued if businesses do establish in regeneration areas this loss of income will be ameliorated by the additional rates paid and employment created locally,” he concluded.by Alan [email protected] Email Limerick Artist ‘Willzee’ releases new Music Video – “A Dream of Peace” WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads center_img Advertisement Twitter Predictions on the future of learning discussed at Limerick Lifelong Learning Festival Linkedin WhatsApp Print Facebook Billy Lee names strong Limerick side to take on Wicklow in crucial Division 3 clashlast_img

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