THE CORK COUNTY board have this morning released a statement in the wake of reports that the Government has withheld funding promised for the redevelopment of their flagship stadium Páirc Uí Chaoimh.
The Irish Independent reported this morning that the Department of Public Expenditure feel that the Cork county board’s cost-benefit analysis for the lifetime of the stadium was not up to scratch.
But Cork GAA chiefs have hit back and insist that ‘no state monies have been withheld from the project’.
The statement released on the county’s website reads in full:
“Cork County Board wishes to clarify a number of issues arising from a story on the redevelopment of Páirc Uí Chaoimh published in today’s Irish Independent.
“No State monies have been withheld from the project and no drawdown of monies has been requested by Cork County Board.
“An initial Cost Benefit Analysis draft on the project was submitted in December 2014 and is the subject of ongoing dialogue with the relevant officials in the Department of Public Expenditure and Reform.
“It is entirely appropriate and is the norm that any case being made for the expenditure of public monies would be subject to rigorous examination. Cork County Board is fully engaged with the Department in that process.
“The Board is confident that the basis of the business case for the redevelopment of Páirc Uí Chaoimh is correct and will be pleased to provide any further information or clarification requested by the Department as part of the process now underway.”
First published at 11.02
