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Fresh delay to Waterford city redevelopment project
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Waterford Council to seek new partners for North Quays development
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by Jennifer Long and Julie Smyth
The developers of the city’s North Quays have said they remain committed to the multi-million project – and will furnish evidence of their funding to Waterford council this afternoon.
It’s been confirmed by Falcon Real Estate this morning (Thursday) that they have not, as yet, lodged funding for the project, despite a request from Waterford council to do so by May.
Throughout the week, speculation had been mounting that there would be no contracts signed for the development by a deadline of this weekend.
Responding to the situation this morning, Rob Cass, Director of Falcon, told Damien Tiernan he was “surprised” there now appeared to be “pre-marriage jitters and misunderstanding” over the company’s position on the development of both the north quays and Michael Street.
Delay in private funding for major Waterford scheme
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