State squanders tens of millions on sites for schools it never built [Independent.ie]
- Published: 20 December 2010
THE State spent tens of millions of euros buying sites for new schools at the height of the boom which have never been built.
Schools on 35 sites, costing more than €42m, are still only on the design and planning stages -- with no progress at all on others.
This is despite 1,200 schools across the State looking for new buildings or extensions.
And the value of some of the sites has sharply fallen -- one 20-acre site in Laytown cost almost €9m in 2007, and is now worth less than half that.
Another in Glasthule in Dublin cost €7m and is likely to be worth just €4m today.
Some of the sites were bought as far back as 1978, but most were bought in the mid-2000s when land prices were at their highest.
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