A Galway builder who moved to England after his business here collapsed into liquidation in 2011 is set to begin a construction project on Circular Road in June.
Tom McEvaddy – whose Tom McEvaddy Property Company/Nexus Homes collapsed with debts of almost €12m (including more than €7m owed to himself) – and his brother Jason are seeking a five-year extension of time on their planning permission to build four detached houses on the site of the former ‘Spring Lodge’ house on Circular Road.
They were granted permission for the development by An Bord Pleanála in 2008 and demolished the existing house, but the site was subsequently shut down.
The brothers said they were unable to secure finance to continue the project, but now expected to start work in June with a completion day in 2014 or 2015.
“The economics of the time prevented the commencement of the development. Finance was not available and neither were purchases,” the application reads.
Planning permission was set to expire on the site on Friday, unless the five-year ‘Extension of Duration’ is granted. A decision is expected from planners in May.
The McEvaddys bought the site for €1.67 million in 2005.Shortly after the collapse of Nexus Homes – which built the likes of Bramley in Oranmore as well as Thornberry and Carraig an Iolair in Barna – Tom McEvaddy moved to England, where he set up Brontë Construction, which specialises in rail contracts.
Read more in today’s Connacht Sentinel