Dublin City Council has announced it is to repossess the Iveagh Markets from developer Martin Keane
The council also confirmed that it has broken off negotiations with Mr Keane on the future of the listed building.
The council previously threatened repossession two years ago but agreed to further discussions to avoid "protracted and expensive legal proceedings in the High Court" according to Mr Shakerspeare's report. Mr Keane who owns Oliver St John Gogarty's pub and Blooms Hotel in Temple Bar has repeatedly said over the years that he wants to develop a venue similar to London's Covent Garden.
The council is concerned about the "rapidly deteriorating condition" of the Victorian style market which opened in 1906. A survey has concluded that it will cost €13 million just to stablise the building with total repairs costing €30 million.The original market was built by the Guinness family for street traders with both a dry market selling clothes and a wet market selling food. The last of the stalls closed in the 1990s.
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