Mac Lochlainn concerned at possible implications of IDA land deal

An Inishowen Councillor says a land deal being signed today between the IDA and Donegal County Council will have to be very carefully monitored.

The IDA is now concentrating all its efforts on securing investment for Letterkenny, so it is signing lands in Buncrana, Ballyshannon, Carndonagh, Donegal Town and Milford over to Donegal County Council in return for the waiving of development charges on future projects in Letterkenny.

The IDA is promising to help the council and other bodies if they identify potential investors, but the agency will not be actively marketting any other area outside Letterkenny.

Cllr Padraig Mac Lochlainn, the Mayor of Buncrana says time will tell if the deal is a beneficial one.........