Cork has received news of a potential boost to the city both on the jobs front and also for the face of the city itself with an application lodged to the local authority for the development of the old Capitol Cinema site. The site has been derelict for a decade now but it was bought by John Carey Developments (JCD) in January of this year.
The proposed development would cost in the region of €50m and would bring an estimated 450 jobs to the region. The project is expected to change the face of the western part of the city with the five-storey development to consist of offices, retail units and a food innovation centre. The English Market is located on the same stretch of parade and it is claimed by JCD that the proposed project will enhance the English Market. See the full article in the Journal.