Cork GAA given €3.75m from Munster Council for Páirc Uí Chaoimh redevelopment
The Munster Council announced last night they are giving Cork GAA €3.75m toward the €70m reconstruction of Páirc Uí Chaoimh.
This is in addition to the €20m funding committed to the stadium’s redevelopment by the GAA Central Council.
Páirc Uí Chaoimh picks up €3.75million from Munster Council. #GAA
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The government has also pledged €30m to the project, leaving Cork GAA a shortfall of €16.25m to finance.
The Irish Examiner reports that Cork GAA have €10m in savings ready to invest in the stadium, with the balance to be made up from the sale of 10-year tickets and concerts in 2017 - when the project is due for completion.
Cork County chairman Gerard Lane welcomed the funding in a statement on the Cork GAA official website.
“We are very grateful to Munster Council for this decision,” Lane said. “
"The redevelopment of Páirc Uí Chaoimh will benefit the GAA community at Munster level as well as locally, and this has been recognised by the Council's decision to grant aid the project to the tune of €3.75m."
Munster Council chairman Robert Frost said the Council were very pleased to play a part in the stadium reconstruction.
“This is a major redevelopment for the GAA in Cork and Munster and will see this stadium transformed into a state of the art facility,” he said. “The Government and Central Council have provided generous grants towards this facility and now the Munster Council is doing the same.”
At the same time the Council also confirmed it would be distributing €2.5m between the other munster counties.
“The €2.5m package for Kerry, Tipperary, Clare, Waterford and Limerick will see €0.5m made available to each county to be used on projects such as works on major county grounds and centres of excellence,” Frost added.
