U2 hope to remain in Dublin's docklands, despite plans to demolish the studio where the band have recorded.

which clears the way for their studio at the Grand Canal Basin to be demolished.

U2 had objected to plans put forward by the Dublin Dockland's Development Authority, but a compromise has been reached and the band have now agreed to move to a new building.

U2 have been recording at the studio in the Dublin docks since they started recording.

The studio was central but private and a nice place to work.

Windmill Lane became part of the U2 tourist trail even when the band moved to Grand Canal Docks.

The Dublin Docklands Development Authority placed a compulsory purchase order on a row of buildings at Hanover Quay arguing that the public would need access to the waterway from a public amenity area it was developing.

At an An Bord Pleanala hearing earlier this year, lawyers argued that U2 should be allowed to stay at their studios as it was part of our musical heritage. However, the band also said that they would be prepared to move if an alternative building became available in the same area.

A multi-billion euro development is already underway at Grand Canal Basin, comprising a mixture of residential and commercial properties around a central square.

Over the past few months talks have been ongoing between U2 and the Dublin Docklands Development Authority over a possible compromise. Agreement has now been reached.

Peter Coyne CEO of Dublin Dockland's Development Authority says that they have agreed that U2 should stay in the area and be involved in some of the development. U2 hopes to review the new proposed studio location in the coming weeks.

An RTÉ News report broadcast on 17 June 2002. The reporter is Paul Cunningham.