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A DEAL HAS been agreed between residents and the management company for apartments at Longboat Quay that will see vital repairs made to the facility, which currently does not meet fire-safety standards.
The residents at the Dublin Docklands apartment complex had been involved in a dispute for over a year. They were initially told that they would have to pay to fix repairs or face eviction.
In a statement to TheJournal.ie from the Longboat Quay Management Company, it was confirmed that an agreement was reached with residents and business owners in the area.
It said: “Representatives of the Longboat Quay Management Company are pleased to announce that the Longboat Quay owners have voted in favour of supporting the proposed Settlement Agreement.
“From the outset our priority has always been to achieve a comprehensive and fair solution to this distressing situation. After two years of negotiations, we believe we have now achieved this objective.
Remedial work will now commence in January 2017.
Included in the proposal is a provision from Dublin City Council to commit to €1.85 million in funding for the repairs and the receiver committing an additional €1.25 million.
It is understood the receiver’s share of the cost will covered by the National Assets Management Agency.
The total of €3.1 million is above the €2.5 million estimate placed on the repair works. It is expected than any surplus would be put towards roof repairs.
A previous estimate had put the cost of repairs at €4.75 million but that figure was challenged and has since been revised downwards.
Dublin Fire Brigade deemed fire separation between apartments to be inadequate but residents have remained in their properties as the dispute continued.
In a statement before the vote yesterday, a group representing Longboat Quay residents said: “From the outset our priority has always been to achieve a comprehensive and fair solution to this distressing situation that we have found ourselves in. We believe we have now achieved this objective.”
With reporting from Rónán Duffy.
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Random and pretty interesting! Thank you for an interesting fact for my (empty) DART journey :)
Interesting article…..I always thought the building was occupied…..I love quirky stories like that.
Surprised to hear that the building is just a billboard??? What a waste.
I always taught it was ‘Time Square’ not ‘Times Square’ ………..always learning
If you want to learn something else it’s “thought”, not “taught”.
Times Square is great to see once or twice (night/day) for the lights etc but the place gives me a headache. Overcrowded and overpriced. I wouldn’t recommend anyone in NY go near the area on NYE either
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