Connect with us

Hi, what are you looking for?

Business

Casement Park Redevelopment Project Suffers Another Setback

The Gaelic Athletic Association (GAA) says plans to redevelop Casement Park in Belfast will proceed despite the organisation severing ties with the construction contractor.

GAA has confirmed that Heron Bros Limited will not deliver the main works for the project due to ‘the restrictions of the Public Contract Regulations’.

The redevelopment of the stadium, which is being overseen by Ulster GAA, is crucial to Ireland’s hopes of hosting matches at the UEFA European Championship in 2028.

“We are working closely with our partners in the Department for Communities (DfC) to progress procurement of a contractor using recognised frameworks for major construction projects,” the GAA said.

“We are determined and confident that construction work will commence in line with the timelines required to host the UEFA European Championship in 2028.

“Ulster GAA is bringing forward critical aspects of the construction programme to progress the project, at pace, during the process to secure a new main contractor in the coming months, including site clearance and a range of enabling works packages.”

Casement Park is due to be turned into a 34,500-capacity stadium, which would give Belfast the opportunity to stage major events across several different sports.

The redeveloped venue would be a boost to Belfast’s sporting profile and deliver major economic benefits to the city. Online gambling is among the industries currently monitoring developments.

Turning Casement Park into a state-of-the-art stadium would open the door for major GAA events to once again be staged in west Belfast. This would be guaranteed to generate increased traffic on GAA betting sites given how much local fans love wagering on sports.

Hosting Euro 2028 games would also spark a flurry of activity on online sportsbooks, further boosting a sector which is currently on a steep upward curve in Ireland.

Casement Park has been derelict for the past decade and plans to redevelop the venue have repeatedly been hit by controversies and delays.

It was announced in 2013 that the stadium would be rebuilt in a joint venture by Northern Ireland firm Heron Bros and the England-based Buckingham Group.

However, the latter went into administration in September, which has forced the GAA to tender for alternative options. Given the importance of Euro 2028, time is of the essence.

The Casement Park redevelopment would need to be completed by the summer of 2027 to ensure there is sufficient time to prepare for the tournament.

Several test events need to be staged to demonstrate the stadium is fit for purpose, leaving the GAA with a race against time to appoint new contractors and have the work completed.

Funding the work is also an issue, with the projected original cost of £77.5 million expected to be way off the mark. Some analysts have forecast the redevelopment will cost at least double that figure.

The GAA is reportedly willing to contribute around £15m, but it is unclear whether the UK and Irish governments will make up the deficit despite making previous promises to that effect.

Read more:
Casement Park Redevelopment Project Suffers Another Setback

Advertisement

    You May Also Like

    Investing

    RevisingTheBankSecrecyAct_NorbertMichelAndJenniferSchulp_CMFAWP007   The post Revising the Bank Secrecy Act to Protect Privacy and Deter Criminals (CMFA Working Paper No.007) appeared first on Alt-M.

    Investing

    Recently, an investment advisor and Bitcoin proponent tweeted the claim that “[f]or most of human history” the “[s]eparation of money and state was the...

    Business

    Rollee enables worker’s to share their professional data, spread over one or more financial platforms. Ali Hamriti, CEO and Co-Founder of Rollee, is on...

    Business

    The energy crisis means that as the price of wholesale commercial energy hits an unprecedented high, businesses must pay notably more for their energy...

    Disclaimer: successfuldealnow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 successfuldealnow.com | All Rights Reserved