Galway Bay fm newsroom – Nama is looking for judgment orders against Galway hotelier and developer Michael Finn and his wife Claire.
The National Asset Management Agency is pursuing the couple for 108 million euro.
NAMA claims Galway developer Michael Finn and his wife Claire have not been using the funds available to them to reduce their liabilities.
The agency alleges the couple have invested over half a million euro in a car business and that they have transferred shares in their family home to their children.
Nama is seeking a judgment order for 108 milion euro in the Commercial Court in connection with loans it took over from AIB and Anglo Irish Bank in 2010.
It’s appointed receivers to various companies controlled by Michael Finn who has connections to developments including the House Hotel and Spanish Arch Hotel in Galway.
Taoiseach pledges action on Travellers in Galway living in freezing conditions
Galway Bay fm newsroom – The Taoiseach has pledged action on the issue of Travellers in Galway living in freezing conditions.
It’s after Deputy Eamon O’ Cuiv highlighted restrictions on a new caravan loan scheme introduced by the Government.
He argued it’s unacceptable that the scheme only covers 75 caravans in the entire country – and slammed the Government for its “petty-mindedness”.
Deputy O’ Cuiv outlined how in Galway, 24 replacement caravans are urgently needed – but approval was only given for four.
He says as the temperature plummets, many Travellers are living in freezing caravans and mobile homes that are decades old.
Tanaiste says new National Construction Technology Centre in Galway will enable faster, better building
Galway Bay fm newsroom – The Tánaiste says the new National Construction Technology Centre at University of Galway will help us build more, build faster, and build better.
Leo Varadkar launched Construct Innovate at a special event this afternoon, before taking a guided tour of the Alice Perry Engineering Building.
The new centre aims to accelerate research and innovation in the construction sector and position Ireland as a global leader.
Speaking outside University of Galway this afternoon, the Tánaiste said Construct Innovate will play an extremely important role.
Works underway to restore water to homes and businesses in Gort, Loughrea and Athenry
Galway Bay fm newsroom – Works are underway to restore water to homes and businesses in Gort, Loughrea and Athenry
Irish Water and Galway County Council say the Gort and Loughrea outage has been caused by technical issues overnight at the Seefin Reservoir and Gort water treatment plant.
There is also a major leak on the watermain network at Raheen, Athenry resulting in water outage at Raheen Road, Moanbaun GWS, Prospect and Derrydonnell Road.
A contractor is expected on site shortly to carry out the repair works.