Comments on: Hey guys! Look, there’s another sector full of “zombie” stuff! http://thestory.ie/2010/03/20/hey-guys-look-theres-another-sector-full-of-zombie-stuff/ Thu, 09 Sep 2010 21:09:52 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: The confessions of Ahern and Cowen – The Story http://thestory.ie/2010/03/20/hey-guys-look-theres-another-sector-full-of-zombie-stuff/comment-page-1/#comment-9023 The confessions of Ahern and Cowen – The Story Tue, 18 May 2010 17:06:20 +0000 http://thestory.ie/?p=1471#comment-9023 [...] The tax incentives he refers to, I’m guessing, are section 23s  on residential property and the tax reliefs on hotel developments which were kept open due to lobbying from developers. The hotel incentives were due to close in 2002 but were held open resulting in a flood of developments in late 2004, the consequence of which is the mess of a hotel and development market we have today. [...] [...] The tax incentives he refers to, I’m guessing, are section 23s  on residential property and the tax reliefs on hotel developments which were kept open due to lobbying from developers. The hotel incentives were due to close in 2002 but were held open resulting in a flood of developments in late 2004, the consequence of which is the mess of a hotel and development market we have today. [...]

]]> By: Nat http://thestory.ie/2010/03/20/hey-guys-look-theres-another-sector-full-of-zombie-stuff/comment-page-1/#comment-3513 Nat Mon, 22 Mar 2010 09:09:41 +0000 http://thestory.ie/?p=1471#comment-3513 Of course, why did local authorities up and down the country give planning permission for such huge hotels? Commerical rates is one major reason. I understand there have been 13 separate reports to the Minister for the Environment, Heritage and Local Government over the years, all calling for the reform of how local government is funded. In the absence of this reform, every authority wants its own hotels, shopping centres, etc. to boost its commercial rates income. Failing to deal with one problem helped cause another. Of course, why did local authorities up and down the country give planning permission for such huge hotels?

Commerical rates is one major reason.

I understand there have been 13 separate reports to the Minister for the Environment, Heritage and Local Government over the years, all calling for the reform of how local government is funded. In the absence of this reform, every authority wants its own hotels, shopping centres, etc. to boost its commercial rates income.

Failing to deal with one problem helped cause another.

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