The Government has allocated €80 million from the country's strategic investment fund to kickstart construction on the first section of the Opera centre - the €300 million project designed to transform Limerick city centre
The site will include a major office development, retail space, apartment living space, a new city centre library and an open public realm space.
The project is being led by Limerick Twenty Thirty, a company established to develop strategic sites in Limerick city and county, which will draw enterprise and investment. The building can house up to 1,000 employees, in what is planned will be a zero-energy rated building. The Government announced last summer that €500 million of ISIF monies were being earmarked for investment projects in five regional cities; Cork, Galway, Limerick, Kilkenny and Waterford, which would regenerate living and working space in those cities.Mayor of Limerick Francis Foley said it is"a hugely significant moment for the wider Opera Square development, Limerick and, indeed, the mid-west region".
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