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Case against Roscam-based property owner admitted to fast-track court

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Galway Bay fm newsroom – A financial fund’s application for summary judgment for 13.5 million euro against a Galway-based property owner, has been admitted to the fast track Commercial Court list.
The application for judgment was made by Promontoria Arrow Ltd against Martin Tolan Rosshill, Roscam arising out of an alleged failure to repay loans.
The application arises from monies loaned by Anglo Irish Bank to Martin Tolan and his wife Shelia in 2007.
The loan was to continue existing facilities, fund the purchase of an investment property – a pub and car park in Kilbarry Waterford, to capitalise interest and to fund interest roll up.
The loans were subsequently acquired in 2009 by National Asset Loan Management Ltd which is a company of NAMA.
In 2015 the loans were acquired by Promontoria, which called in the loans.
It claims that Martin Tolan has failed to repay the monies due.
Promontoria claims that settlement negotiations with representatives of Martin Tolan, who owns properties in Galway, Waterford and Dublin were not successful.
The case was admitted to the fast track Commercial Court list by Justice Brian McGovern and has been adjourned for two weeks.

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Citylink announces new bus services for Loughrea and Kilrickle

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Galway Bay fm newsroom – Citylink has announced new bus services for Loughrea and Kilrickle.

The move will see the addition of two new early morning routes to the existing Loughrea service.

They’ll depart from Loughrea at 7.25am and 8.10am on weekdays.

There’ll also be a completely new service for Kilrickle, which will provide 8 daily departures to Galway City.

The new services will commence from Monday.

Galway East Deputy Ciaran Cannon says this positive development reflects the huge demand in the local area.

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Galway TD urges Government to pay heed to new report on regeneration of towns and villages

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Galway Bay fm newsroom – A Galway TD is urging the Government to pay heed to a new report on the regeneration of towns and villages across the country.

The Northern and Western Regional Assembly has published the report, entitled “Regional Vacancy and Dereliction Analysis”.

It outlines how almost 50 thousand residential and commercial properties are empty in the West, North-West and Border areas.

It also notes that more than 70 percent of towns and villages in the region have a residential vacancy rate above the national average.

In Galway City, there are more than 1 thousand vacant properties, of which almost 700 are commercial, while over 400 are residential.

Deputy Sean Canney says the Government must get serious about providing incentives to encourage people to purchase derelict properties.

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Works to transform Martin Roundabout into signal junction to get underway next week

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Galway Bay fm newsroom – A major upgrade of the Martin Roundabout near Galway Clinic will get underway next week. (24/1)

The works will see the roundabout converted into a 4-arm signal-controlled junction.

The Martin Roundabout is located on the eastern outskirts of Galway City at the intersection of the R446 dual carriageway and Old Dublin Road.

The project will transform the existing roundabout to a 4-arm signal-controlled junction, with the addition of cycle lanes, bus priority measures, footpaths and associated landscaping.

Construction is set to get underway on Monday morning and it’s expected works will take around 6 months to complete.

There will be significant traffic management measures in place during the scheme, which will be carried out in several phases.

Galway City Council says delays to traffic flow are anticipated, but disruption will be minimised as much as possible.

Fox Building and Engineering Ltd have been appointed to carry out the works – and detailed information on the project can be view at GalwayCity.ie.

Speaking to Galway Talks, Councillor Alan Cheevers said he’s fully in support of the development, particularly the additional footpaths and cycle lanes.

However, he also hopes that lessons have been learned from the mistakes made with the Kirwan Junction.

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