Seanad debates

Thursday, 21 March 2013

Finance Bill 2013 [Certified Money Bill]: Committee and Remaining Stages

 

2:00 pm

Photo of David NorrisDavid Norris (Independent) | Oireachtas source

I agree with Senator Sean D. Barrett. On the basis of the arguments made by him, it seem there is already sufficient incentives for business in this area. For them, business is booming. They are all profitable and do not need stimulatory encouragement, although they will seek it if is available. As I understand it, this relates to the refurbishment of aircraft hangars. What happened to our interest in cultural matters? These piddling businesses in Limerick and Waterford are part of pilot schemes. There is clear and direct information, confirmed by Government policy, that the refurbishment of core Georgian areas of our cities brings in a fair amount of revenue. There is no doubt about this, yet the Government continues to fiddle around with pilot schemes. Restoration in my area is, by and large, complete. People they will be hit by higher property tax as a result. The Government is not encouraging new people to come in. My area aside, areas such as North Frederick Street, Blessington Street, parts of Mountjoy Square and Gardiner Place are almost derelict. The Government is doing nothing about this, but it is prepared to incentivise the refurbishment of aircraft hangars, which is nonsensical. Senator Sean D. Barrett is right that in relation to all such measures, there is a need for a cost benefit analysis in order that we will know if jobs are being created. I do not believe they will. Is Mr. O'Leary a Fine Gael supporter?

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