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30 Nov 2021

NAMA allows Granard community group added time in bid for town centre site

A County Longford community group has been allowed additional breathing space by NAMA chiefs in its bid to purchase up to 15 acres of land on the outskirts of Granard town.

A County Longford community group has been allowed additional breathing space by NAMA chiefs in its bid to purchase up to 15 acres of land on the outskirts of Granard town.

The group, formed earlier this year and comprising locally based residents, have spent the past number of months attempting to raise financial backing in order to purchase the site and two commercial units which are situated close to the town’s historic motte.

Under its plans, the group have set their sights on developing an interpretive centre along with a string of other public amenities and attractions.

More recently however, it has faced increasing difficulty in securing a loan and preventing NAMA from putting the site back on the market.

As those efforts continue, agency bosses are believed to have given the group until September 7 to confirm whether it is in a position to complete the purchase.

Since revealing its initial interest, the group has paid a €10,000 deposit and plan on releasing a feasibility study as part of its bid.

“We have put down a booking deposit,” committee member Paul Flood told a public meeting in MAY. “We got ten interest free loans comprising a total of €10,000. What we requested from NAMA was to let the bidding process go ahead and give us 21 days to consult with the community to see where we could go from here.”

It’s understood the group’s offer for the site stands at €265,000, making them the highest bidders.

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