Irish Examiner - Wednesday, October 29, 2008
regeneration plan an investment that will pay for itself
THE man whose report
prompted the government sponsored regeneration plan for Limerick
said it is an investment that will pay for itself in the long
Former Dublin city
manager John Fitzgerald said he would have been much more concerned
about the economic downturn if they had the plan ready two years
ago and were now looking for private and public sector investment.
He said: In
a way it is fortuitous that we are not at that stage now. By
the time we get to that stage in a years time, I think
things will have changed quite considerably and bottomed out.
We will know, then, where we stand and how long it will take.
plan, he said is a must. The alternative to do nothing was not
He said: You
cant leave things simply as they are...He said much
progress has been made since he published his original report
18 months ago.
It is really
the beginning of the beginning. Its a long haul programme
to deal with issues that span generations, he said.
Mr Fitzgerald added
that he is confident that the necessary funding will come.
He said: The
tide has turned, but it will turn again by the time we get well
into it [the plan]. Most of next year will be taken up at planning
He said they have
been receiving phenomenal support from both the
environment and justice departments despite the economic change.
Mr Fitzgerald said
the costing are robust and conservative.
Over the coming year
they will have an opportunity to check out the private sector
appetite to get involved.