Controversial plans to sell more than 40 acres of prime docklands in Limerick to make way for a possible €1 billion redevelopment have been put on hold, it emerged yesterday.
Last week the Shannon Foynes Port Company unveiled an artist's impression of the redeveloped docks, which it claimed would generate more than 1,000 jobs in Limerick and inject some €50 million into the local economy.
In a detailed statement the port company said it was at an "advanced stage" of considering expressions of interest from developers keen to acquire some of the prime city centre sites.
However, just days after the company launched its major publicity drive aimed at promoting the sale and redevelopment of the docks, it emerged yesterday that all plans have been put on hold.
This follows an emergency meeting of members of the company on Monday, during which it is understood angry exchanges flared over the speed at which the sale of the dock was being expedited.
The seven-hour meeting also followed widespread opposition locally including a statement from Limerick's mayor, who criticised the port company for releasing details of the proposals to the media before presenting them to council members.
Cllr Joe Leddin called on the port company's chief executive, Brian Byrne, to confirm that he had the full support of his board for the initiative made public last week, which was endorsed by local high-profile personalities in advertisements carried in local newspapers and radio.
"I am disappointed, as mayor of Limerick, that the proposals which have appeared in the local and national media were not first presented to the elected members of Limerick City Council."
Cllr Leddin has asked the port board to suspend its plans to sell off part or all of Limerick Dock and described the rush to dispose of the Ted Russell Dock as "frightening and ill-conceived".
In a statement released yesterday, the board said it had "unanimously agreed to enter into an inclusive and comprehensive process" with the Limerick port users and Limerick city councillors. The company said it will allow sufficient time for this engagement process before considering any proposals for the Limerick Docklands.
Company chairman Kieran MacSweeney said an "information" meeting for the board will take place on September 7th and no decision on any proposal or development has been made.