Construction BUSINESS

RDS plans €35m spend to redevelop its main stadium

 Breaking News
  • Dublin City Council Approves First Climate Change Action Plan Dublin City Council’s elected members have approved the Climate Change Action Plan 2019-2024. Climate change poses significant risks and challenges to the Dublin region. In response to this, each of the four Dublin Local Authorities have worked with Codema – Dublin’s Energy Agency and the Dublin Metropolitan Climate Action Regional Office (CARO) in developing individual [...]...
  • Funding and Regulatory Obstacles Frustrating Delivery of Social and Affordable Housing The Housing Alliance, a collaboration of six of Ireland’s largest Approved Housing Bodies (AHBs), has launched its new campaign, ‘More Social and Affordable Homes’, and met with members of the Oireachtas at a recent event in Dublin. AHBs are not-for-profit organisations that have a social purpose to provide for people’s housing needs by working in close co-operation [...]...
  • International Hospitality Operator Commits to Iconic Central Plaza Development Hines and Peterson Group, the developer of Central Plaza, the visionary mixed-use development currently underway in former Central Bank offices on College Green and Dame Street in Dublin, has selected an operator for the newly created rooftop destination at Central Plaza. The iconic One Central Plaza is the main building within the city centre development [...]...
  • €700,000 Peer to Peer Finance Raised in Just 5 Days For Waterford Housing Development, Ireland’s peer to peer lender to the property development marketplace, has filled its biggest loan so far – €700,000 to facilitate the build of two new housing development projects in County Waterford. has the backing of its ever growing community of lenders (now over 1,500 and growing every day) who see the benefits of [...]...
  • Builders Merchants Urged to Enter New Style Octabuild Excellence Awards Builders merchants are being urged to enter the Octabuild Builders Merchant Excellence Awards 2019 by going online now to The Octabuild Awards, which have been acknowledging the best in the builders merchant trade for 35 years, have been revamped for 2019 with a number of progressive changes that take account of key developments in the [...]...

RDS plans €35m spend to redevelop its main stadium

RDS plans €35m spend to redevelop its main stadium
April 20
14:00 2015

RDS plans €35m redevelopment of its main arena
The stadium’s naming rights may be sold and Government grants are expected to cover part of the cost

Royal Dublin Society’s chief executive, Michael Duffy has said that the cost of redeveloping the RDS Arena is expected to come to €35m.

Speaking to the Irish Times, he added that the RDS will be applying to the Government for a sports capital grant to cover part of the cost.

The RDS hopes to increase the capacity of the main sports ground from 18,500 to 25,000 to deal with demand for tickets to Leinster’s key home games in the Guinness Pro 12 and the European Champions’ Cup – as well as the annual Dublin Horse Show and outdoor concerts held at the venue during the summer months.

Irish Times reports that the RDS application for Government funding could cover half of the total cost of the project.

Like the neighbouring Aviva Stadium – the RDS Arena could soon have its name changed to that of a corporate sponsor, the sale of naming rights is one means by which the RDS could fund the redevelopment.

Last week it released its annual financial report with showed an 8 percent increase in revenues – up to €17.6m. Its surplus for 2014 was €1.5m.

This was 6 percent lower than 2013 – Mr Duffy says that this was due to an increase in philanthropic activities.

The RDS is also considering the construction of a second office block on it’s Dublin 4 premises – but it would want to secure tenants before committing to adding more office space.

About Author



Related Articles

Constrcution Summit

PROMO – Construction Summit 2016 – Sustaining the Momentum

Lean Construction Ireland – Enhancing Ireland’s Competitive Advantage

The Magazine – Construction Business

The Magazine – Construction Summit 2016

The Magazine – Construction Summit

Upcoming Events

  • No upcoming events
AEC v1.0.4

New Subscriber

Subscribe Here