The town of Ballina has benefited to the tune of €364,308,000 from capital investment in the town from both public and private investment over the past decade. The figures were given to the members of Ballina Town Council on Wednesday night by acting town manager Paul Benson in a presentation which had been requested at the previous month’s meeting by councillors.
The report was broken down into three sections, projects by Ballina Town Council alone, projects by leveraged by other public bodies, and private sector capital investment.
The town council has undertaken projects at a cost of €39,215,000 from 2002 to 2012; these broke down to almost €16.5 million on housing projects, around €3.7 million on roads projects, just over €2.7 million on car parks, close to €10.8 million on land acquisition, and €2.95 million on recreation and amenity projects. The final €2.5 million went to miscellaneous projects such as the Leigue burial ground, housing grants, and the river wall at Emmett Street.
The projects leveraged with other public bodies totalled €102,093,000 with €13 million going on housing, over €34 million on roads, €25 million on water services, and over €29 million on miscellaneous projects such as the Jackie Clarke Library and the Ballina Arts Centre. The final part of the report estimated the total investment in the town by the private sector such as investment in the gas network, commercial properties both tax designated and non tax designated, and residential investments to be in the region of €223 million over the last 10 years, bringing the total to €364,308,000