Dublin Corporation accepts a tender submitted by the Irish Life Assurance Company to redevelop Moore Street.

At a special meeting of the Dublin Corporation planning committee, eleven tenders for the redevelopment of the Moore Street Chapel Lane area of the city were considered. Ultimately the Irish Life Assurance Company tender was successful.

The new development will be fully enclosed and consist mainly of a 400,000 square foot shopping centre. The shopping centre will have entrances from Henry Street, Moore Street and Parnell Street. 

Moore Street stall holders and street traders will be allocated space in the new complex. The street traders will continue to from the pavement. During the construction of the scheme, the Corporation will provide temporary facilities and storage space for the traders. It is estimated the redevelopment will cost £15 million.

Irish Life property manager Michael Lucey says Dublin lacks shopping amenities and the new development scheme

Will completely change the shopping facility for north Dublin. 

On completion of the scheme,

We will be comparable with any modern European city, as up to date in shopping facility, this is a tremendous scheme.

This development is the first ever attempted by Dublin Corporation on such a scale. The Ilac Centre opened in 1981. The name is derived from the initials of Irish Life Assurance Company.

An RTÉ News report broadcast on 24 May 1974. The beginning of the footage shown here is mute.