Because I want to remain anonymous. It’s great value.
Because that would allow journalists to figure out who might be getting back handers, or who they might be related to.
It’s Bill Badbody
“sacrificing almost 200 acres of land for a pittance without any dividend, percentage ownership, or any future promise of a dividend” ….wow what a great deal, delighted we have such a business savvy council
“Great little country to do business in”
The government were asked to spend money in Waterford but said no as usual. They let the place wallow. So someone stepped in and due to start next year.
Anybody asking such questions must hate Waterford. Likely from Kilkenny, trying to ruin the airport.
The name should undoubtedly be public but presumably the whole project requires a net investment and this is essentially a subsidy to make the whole thing work rather than direct enrichment?
Is this one of these thing dealswhere you buy a Scottish castle for a £1 but needs like £10 million in refurbishment or something?
The name is out there, Texan energy billionaire. Apparently he has large share holdings in several companies. I’ve heard he was worried about stock market wobbles if it got out that he was investing in a small airport in Ireland, even more so if he didn’t get approval for the purchase.
Or it could be because he is a big Trump supporter… either way, he sees potential there. It’s a shame the government wouldn’t invest in Waterford (as usual) but great that he is investing.
Also, it helps that he will be able to fly his private jet a little closer to his large country estate on the Kilkenny Tipperary border instead of having to drive from fork Airport…
Because Waterford airport is a white elephant in the truest sense. There are companies worth millions sold for $1 because it will take massive investment to make it worth anything. The €2.3m is a nonsense figure.
Is anyone else amused this column raising concerns about an anonymous individual is written up by someone hiding behind the name Cantillon and whose piece is based on the thoughts of the sole malcontent councillor?
Considering it’s an airport, it’s an anonymous American, and America is ripe with dodgy Russian/far right bullsh-t at the moment, I wonder is there a security element to this?
Perhaps the article contains clues?
>In order to enable a €30 million private investment into Waterford Airport, the local council will be disposing of an 84-hectare landholding. This is to allow for the extension of the runway to allow jet aircraft to land in the southeast in a bid to attract commercial carriers.
Hmmm.
>This is in addition to disposing of the 84-hectares, which have been valued at €2.295 million by independent real estate agent Avison Young. The agreement does include a clause that the sale of the land will only take place upon completion of the development.
Well, that was difficult.
There are plenty of genuine reasons not to name people, most obviously being that they may not want to be named and that might be a condition of their investment.
Is the 30 million euro investment mentioned in the article from the same individual? If so, I think that changes the framing of this deal somewhat.
It is important the public knows this, but this article is bizarrely worded and feels like it is coming from one of the councillors connected to the area in some way who is not happy about the deal.
There is also some sloppy journalism in here, ‘some names floating around that might be connected to Donald Trump’. For the love of god, this is useless information.
15 comments
Because I want to remain anonymous. It’s great value.
Because that would allow journalists to figure out who might be getting back handers, or who they might be related to.
It’s Bill Badbody
“sacrificing almost 200 acres of land for a pittance without any dividend, percentage ownership, or any future promise of a dividend” ….wow what a great deal, delighted we have such a business savvy council
“Great little country to do business in”
The government were asked to spend money in Waterford but said no as usual. They let the place wallow. So someone stepped in and due to start next year.
Anybody asking such questions must hate Waterford. Likely from Kilkenny, trying to ruin the airport.
The name should undoubtedly be public but presumably the whole project requires a net investment and this is essentially a subsidy to make the whole thing work rather than direct enrichment?
Is this one of these thing dealswhere you buy a Scottish castle for a £1 but needs like £10 million in refurbishment or something?
The name is out there, Texan energy billionaire. Apparently he has large share holdings in several companies. I’ve heard he was worried about stock market wobbles if it got out that he was investing in a small airport in Ireland, even more so if he didn’t get approval for the purchase.
Or it could be because he is a big Trump supporter… either way, he sees potential there. It’s a shame the government wouldn’t invest in Waterford (as usual) but great that he is investing.
Also, it helps that he will be able to fly his private jet a little closer to his large country estate on the Kilkenny Tipperary border instead of having to drive from fork Airport…
Because Waterford airport is a white elephant in the truest sense. There are companies worth millions sold for $1 because it will take massive investment to make it worth anything. The €2.3m is a nonsense figure.
Is anyone else amused this column raising concerns about an anonymous individual is written up by someone hiding behind the name Cantillon and whose piece is based on the thoughts of the sole malcontent councillor?
Considering it’s an airport, it’s an anonymous American, and America is ripe with dodgy Russian/far right bullsh-t at the moment, I wonder is there a security element to this?
Perhaps the article contains clues?
>In order to enable a €30 million private investment into Waterford Airport, the local council will be disposing of an 84-hectare landholding. This is to allow for the extension of the runway to allow jet aircraft to land in the southeast in a bid to attract commercial carriers.
Hmmm.
>This is in addition to disposing of the 84-hectares, which have been valued at €2.295 million by independent real estate agent Avison Young. The agreement does include a clause that the sale of the land will only take place upon completion of the development.
Well, that was difficult.
There are plenty of genuine reasons not to name people, most obviously being that they may not want to be named and that might be a condition of their investment.
Is the 30 million euro investment mentioned in the article from the same individual? If so, I think that changes the framing of this deal somewhat.
It is important the public knows this, but this article is bizarrely worded and feels like it is coming from one of the councillors connected to the area in some way who is not happy about the deal.
There is also some sloppy journalism in here, ‘some names floating around that might be connected to Donald Trump’. For the love of god, this is useless information.
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