Construction of the first phase of a one hundred million pound office development in Dublin city begins despite a High Court challenge.
Three Dublin property developers opposed the decision to grant the development site special status for tax incentives.
Irish Life acquired land of almost 5 acres over a ten year period at a cost of approximately £7 million. Irish Life has had planning permission for the development since 1985.
500,000 square feet of offices will be built on the site, which will also include a gymnasium and parking for 400 cars. Construction of the first phase was launched by the Lord Mayor Michael Donnelly. Phase 1 is due to be completed by 1993.
The site has designated area status meaning that there will be tax incentives for any business buying or renting property in the area. However, three Dublin developers have made an objection to the designated status at the High Court. Bill Nolan, Director of Irish Life, says that they are not worried about the objection.
An RTÉ News report broadcast on 28 May 1991. The reporter is Bob Powell.