Parnell Square Project Gets €100M Loan | Dublin News

Dublin City councillors have approved a €100 million loan to keep the Parnell Square cultural quarter alive — a project that began in 2013 with a €60 million budget but now faces a €173 million price tag for just the first phase. Originally funded by private donors, including a US company, the plan collapsed, costs soared, and deadlines slipped. With only €60 million secured from the government’s Urban Regeneration Fund — far short of the hoped €121 million — the council is turning to borrowing to fill the gap, starting in 2027, with Phase One targeted for completion by Q3 2030. Despite the ballooning budget, all sides of council backed the move, seeing the cultural transformation as worth the cost. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/575cede53dec8b09