Building ban on rezoned land leaves taxpayer with huge bill - Paul Melia → independent.ie/national-news … 23991.html
The taxpayer will be forced to pick up the tab as councils ban housing on massive banks of land – bought for billions by property speculators at the height of the boom.
The value of development sites has plummeted by more than 90pc, after councils rezoned land which is no longer needed for housing.
The Irish Independent has learned that 12 of the country’s 34 local authorities have already dezoned or banned development on lands. The remainder will do so by the end of the year, under a radical shake-up of planning system countrywide.
there is more
Someone could write a random headline generator of the form:
[result] OR [secondary effect] OR [tertiary effect] + [of economic bubble] leaves taxpayer with huge bill .
The final piece being hard coded.