Oireachtas Joint and Select Committees

Tuesday, 13 May 2014

Joint Oireachtas Committee on Environment, Culture and the Gaeltacht

General Scheme of Dublin Docklands Development Authority (Dissolution) Bill 2014: Discussion

2:30 pm

Photo of Kevin HumphreysKevin Humphreys (Dublin South East, Labour)
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If that liability were taken on by another agency, whether the city council or the Department, and taking it that the majority of the liability would not fall for several years, those moneys might then be ring-fenced for social regeneration within the docklands. The legislation in regard to SDZs allows only for capital investment and much of the funding going into communities on both the north and south sides of the docklands relates to educational programmes, youth programmes and employment and training initiatives, which does not fall down. I am wondering whether there is some wriggle room there.

NAMA is a substantial property holder in the docklands area. I am sure it would be interested in participating in what might be called Rolls Royce developments to show what can be done to kick-start development in the area. Have Mr. Crawley and his colleagues had any discussions with NAMA on the possibly making a sum of money available that could be ring-fenced for social regeneration, in order to give the indigenous community a dividend from the development happening in the area through the various programmes?