Rewind a full revolution of the economic cycle to 2003 and the sale of the City Arts Centre on the Liffey quays, an eclectic and slightly scuzzy ‘90s art venue and nightclub set to be remodelled for the Celtic Tiger era. The building sold for €4.2 million in 2003 to a consortium that included developer Paddy Kelly, the McCormack family, Philip Monaghan and Pat Ryan.  But the crash intervened and the redevelopment never happened.  Nearly two decades later, the venue stands unused, damaged by fire and beset by litigation.  The consortium had financed their bid with a €12 million multi-property…

Want to continue reading?

Introductory offer: Sign up today and pay €200 for an annual membership, a saving of €100.

Subscribe

Cancel anytime.

Are you already a member? .