Jimmy Deenihan (Kerry North-West Limerick, Fine Gael)

When it looked like Bank of Ireland was going into State ownership, it put the State in a much stronger position but that has now gone the opposite way. If it was to go into private ownership, it would be important that College Green is preserved so that it does not pass on to an international bank. We are in the early stages of discussion as regards the future of the Bank of Ireland College Green and we are considering iconic projects for 1916. This is something we should consider as a nation in full co-operation with the bank. The discussions I had with the bank have been quite positive but obviously it has major problems and challenges, not including the development of cultural facilities. Any input I can get from this House is welcome.

Regarding the social dividend, that is one of the reasons I pushed bank officials because if it co-operated with my Department and the Government there would be a dividend of goodwill for the bank, which it needs. It would also send out a very strong message internationally that the bank, despite the circumstances it is now in, the Government and people could combine to produce something iconic. In terms of the symbols of Ireland, the architecture of the Bank of Ireland building resonates with a lot of people around the world. It is a site one sees representing Ireland a lot. It was represented in images of State visits and dignitaries before independence and more recently during the visits of Presidents Obama and Clinton. It has been the location for some of the great moments in Irish history.

On 14-17 Moore Street, as the Deputy knows a decision was made by Dublin City Council and An Bord Pleanála before I became Minister. I have been asked to look at the buildings and see how appropriate the proposal made by the developer is. I have consulted widely. There is a very enthusiastic all-party Oireachtas joint committee which is responsible for the next decade of commemorations. We received presentations, visited the site and met those in favour of and opposed to the proposal, as well as those who have a bigger vision for the site.

I have requested advice from the National Museum and have an open mind. If the project does not go ahead it is unlikely we will see anything happening to the buildings in terms of preservation and conservation before the anniversary of 1916. It is not within the capacity of the Government to provide the type of funding required to upgrade the site to the design proposed by the current developer. The issue is under discussion. I will bring a report to the Oireachtas joint committee. Before I make any decision I will take the issue to Cabinet because I realise it is a major decision. It is not something I am taking lightly. Whatever decision I take will be endorsed by the Cabinet.

See this speech in context