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Cabinet Approves Multi-Million Euro Funding Proposal For Shannon Heritage Takeover

A funding proposal aimed at securing the transfer of the management of the Clare Shannon Heritage sites from the Shannon Airport Group to Clare County Council has been approved by cabinet.

It’s understood that in excess of ten million euro is to be offered to the local authority, with six million upfront this year, and a commitment from the OPW to continue funding over the next three years for the provision and upgrade of facilities.

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At the end of last year, the Council turned down a 2.5 million euro offer, which is said wasn’t sufficient, with it’s due diligence report outlining that 15 million euro is needed prior to that.

 

The local authority says no offer of a funding package has been received in 2023 to date, but negotiations regarding the proposed transfer are ongoing with the Department of Transport.

Clare Fianna Fáil Senator Timmy Dooley has been telling Clare Fm’s Fiona Cahill that he’s hopeful this offer will get over the line.

Listen to the full interview below

Statement From Clare County Council

Update on the proposed transfer of Shannon Heritage DAC Clare sites to Clare County Council

Clare County Council has today (Tuesday, 18 April 2023) received a financial support package from government to facilitate the transfer of the Clare assets of Shannon Heritage from Shannon Airport Group to the Local Authority.

The multi-annual support package will be presented to Elected Members of Clare County Council for their consideration in the coming days.

Discussions between Clare County Council, The Shannon Airport Group and Department officials regarding regulatory issues are ongoing.

Clare County Council wishes to acknowledge the cooperation of government in working with the local authority and SAG to enable the proposed transfer. Clare County Council also acknowledges that Bunratty, Craggaunowen, Knappogue and the Cliffs of Moher gift shop are integral to the overall tourism product offering in Clare.

A further statement will be issued following the meeting of Elected Members.

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