Galway Bay FM News Archives
KILKERRIN MAN TO WALK AWAY FROM 300 MILLION EURO DEBT
Date Published: 30-Dec-2012
KILKERRIN native property developer Ray Grehan is to walk away from debts of 300 million Euro today, 12 months after applying for bankruptcy in the UK.
That’s according to a story in "The Sunday Independent" which also alleges, that "according to a source familiar with the matter" he is understood to be making plans to start afresh and "debt free" on "the far side of the world".
THE Kilkerrin-born developer set the record for land prices during the boom – €84million an acre in Dublin’s Ballsbridge.
But following the collapse of the property market here Nama applied for, and obtained, a €300m judgement against him in the Commercial Court.
The story states that having already struggled to agree a business plan with Nama, he moved within weeks to avail of the UK’s more benign bankruptcy regime, which typically lasts just 12 months as opposed to the 12 years still being imposed under Ireland’s draconian system.
But the former Glenkerrin Homes chief may now find himself restricted from being a director in the UK and possibly Ireland for several years to come.
Date Published: 07-May-2013
Galway has a population of young people which is more than twice the national average.
According to information gathered by the Central Statistics Office, Galway’s population of 20 to 24 year olds is more than twice the national average.
The number of 25-34 year olds in Galway is also more than the norm nationally, with the two main colleges thought to be the main reason.
However immigration in Galway is much higher than in other areas at 19.4 percent, compared to the national average of 12 percent.
Date Published: 07-May-2013
A city councillor is encouraging people to donate goods directly to charity shops.
It follows allegations of thefts from clothes banks in Galway and across the country in recent months.
However, cameras are in place at some clothes banks and surveillance is carried out by local authorities.
Speaking on Galway Talks, Councillor Neil McNeilis said the problem of theft from clothes banks is widespread.
Date Published: 07-May-2013
A park ‘n’ ride scheme from Carnmore into Galway city could become a permanent service if there is public demand.
That’s according to the Chief Executive of Galway Chamber of Commerce, Michael Coyle.
The pilot scheme will begin at 7.20 next Monday morning, May 13th.
Motorists will be able to park cars at the airport carpark in Carnmore and avail of a bus transfer to Forster Street in the city.
Buses will depart every 20 minutes at peak times and every 30 minutes at offpeak times throughout the day, at a cost of 2 euro per journey.
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