Friday, 16 December 2011

2,000 properties face takeover threat from DART Underground

UP to 2,000 businesses and homes will be forced to live with the threat of their properties being taken over by Iarnrod Eireann for the next seven years.
The state railway company was yesterday granted permission to build the DART Underground line, but has been given up to 2018 to formally tell owners along the route if their land will be needed to build the line. Normally, state agencies taking land under Compulsory Purchase Orders (CPOs) are given 18 months to complete the transaction.

The decision of An Bord Pleanala to allow the railway company seven years to acquire the lands comes because the government has suspended all work on the project. This means that landowners will have difficulty selling or developing their properties until a decision is made on whether the €2bn project will go ahead. Experts last night said that having the threat of a CPO hanging over a property meant it was effectively "unsellable".

Read the article @ The Irish Independent

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