There's a lot more of this to come from the McVerry crash I'd wager. Too much money in this country, too easy to throw it at every problem no matter the costs involved.This is madness, a 20 year lease at €2 million a year with no get out clause.
from the Dublin Inquirer...
Dublin City Council officials expect to pay at least €100,000 a year in rent for each of the homeless families that they plan to accommodate in Avalon House on Aungier Street. That figure – which shakes out at more than €8,000 a month for each family – is before any costs of refurbishment, repairs, or staffing...It plans to spend €6m on the works to turn the building into a family hub...
Dublin City Council wasn’t using normal procurement processes to source homeless accommodation at the time of the deal, and this wouldn’t have happened if they had been, says Councillor Mannix Flynn.
Council to accommodate families at €100,000 a year each, as it took on a 20-year lease with no get-out clause - Dublin Inquirer
The council has committed to pay at least €40m over that 20 years to rent Avalon House, after taking over the lease from the Peter McVerry Trust in 2020.dublininquirer.com
We'll eventually come to regret how much we wasted when times are leaner