Castlebar Imperial purchase a ‘vanity project’ – Ring → mayonews.ie/index.php?option … &Itemid=46
“This is an outrageous situation, does the County Council not realise that the IMF are in the country? The Council are €9 million in debt, and yet they can pay €800,000 to buy the hotel. That is how the country has got into the mess it is in now, buying stuff it cannot afford. There are people out there who are not able to pay their mortgages, and there are cutbacks, and yet Mayo County Council expects the taxpayer to pick this up while they are €9 million in debt. This is a vanity project by the council, which is living above its means,” he told The Mayo News.
there is more
At the special meeting of Mayo County Council to discuss the staff cuts in the council, County Manager Peter Hynes defended the decision to purchase the hotel on a 50/50 basis with Castlebar Town Council. He said the purchase was at a price that was 30 per cent less than what the building was worth, adding that the aim of the purchase was to have all the civic centres located around the Mall.
For fuck’s sake, if it was worth something, there’d be more than just the council looking to buy it.
Schulz
May 12, 2011, 12:43pm
#3
Anyone know who owns it…how many degrees of separation to get to a Mayo County Council member?
must admit I not familiar with the hotel or area,room ?
I’ve no idea the price of hotels but the Four Seasons for example is estimated to be selling at 30 million (irishtimes.com/newspaper/commercialproperty/2010/1103/1224282550819.html ) so perhaps 800K is a good steal given the recent Jobs initiative/budget to boost the tourism sector.
property.ie/commercial-prope … ayo/62086/
edit: from the description, it seems that it is totally inappropriate for offices:
ACCOMMODATION
Reception/Foyer
Bar - with beer garden
WC - ladies & gents (off reception)
Function/Dining room with bar, ladies & gents wc off
Kitchen - full catering kitchen & storage
2 no. large meeting rooms
4 no. en-suite bedrooms
5 no. en-suite bedrooms
2 no. storage rooms
3 no. en-suite bedrooms
7 no. en-suite bedrooms
1 no. store room
Magpie
May 12, 2011, 12:52pm
#6
Fine Gael Castlebar Town Councillor, Ger Deere has called on Castlebar Town Council to make every effort in conjunction with Mayo County Council to purchase the historic building that is now on the market through a receiver at a knock-down price of €1 million from a previous €3 million asking price.
advertiser.ie/mayo/article/26450
midwestradio.ie/mwr/news/217 … ncil-.html
MIDWEST NEWS UNDERSTANDS THAT THE FORMER IMPERIAL HOTEL IN CASTLEBAR IS TO BE PURCHASED BY CASTLEBAR TOWN COUNCIL AND MAYO COUNTY COUNCIL.
IT’S BELIEVED IT WILL COST THE AUTHORITES JUST UNDER €700,000 THOUSAND EURO.
WE WILL HAVE MORE ON THIS STORY AS IT DEVELOPS.
Commercial property price recover led by Castlebar…
Schulz
May 12, 2011, 12:53pm
#8
Can’t see it being a huge boost to tourism, the plan is to change it primarily into County Council Offices. Assuming the building where the land league was formed won’t be a large tourist attraction to UK/US.
I think we have the seeds of the green shoots of an idea for “The Recovery” here!
Having sold the place at such inflated prices for the last ten years…
Lets come in at rock bottom prices now and buy the place back!
We’ll make a fucking fortune!!!
Magpie:
Fine Gael Castlebar Town Councillor, Ger Deere has called on Castlebar Town Council to make every effort in conjunction with Mayo County Council to purchase the historic building that is now on the market through a receiver at a knock-down price of €1 million from a previous €3 million asking price.
Ger Deere was (and probably still is) Enda Kenny’s Parliamentary Assistant and right hand man in the constituency.