€100m docks development ‘could be key catalyst for Limerick economy’

Proposed changes to Limerick’s docklands could be a key economic catalyst for the city and the region in the years ahead, according to those behind the plans. The Shannon Foynes Port Company (SFPC) launched its framework strategy for 75 acres of riverside land into an economic hub. The company has predicted that the programme could involve a minimum of €100m of development and redevelopment, potentially delivering 75,000sqm of new and existing buildings at the Ted Russell Docks, Corcanree Business Park and other sites off the Dock Road. The framework includes proposals to refurbish the 3,000sq m Bannatyne Mills, which dates from the early 19th century, into a commercial hub for up to 300 employees. It aims to promotion of the area as the Limerick Docklands Economic Park with a focus on business, technology, and marine energy uses and testing.

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