NUI Galway is planning to invest about €200 million on developing disused sites it owns in the city centre.
According to the Irish Times, Ireland’s second-largest university by student numbers has opened a public consultation process to inform the direction of a plan that will result in the regeneration of lands at Nuns’ Island in the city.
While sources of funding have yet to be found, the university expects the State, private donors and some of its own funds to be used for the planned development.
The Government’s urban regeneration and development fund has committed support for the project, which includes a dilapidated distillery.
Land earmarked for redevelopment is in Galway city centre’s former industrial centre, will be transformed into a new quarter to “capitalise on its high-value ecosystem of innovation and culture to attract” multinationals.
The university is spending more than €250,000 on a master plan that will consider educational, cultural, economic, residential and social uses for the site. Galway City Council is also involved in the development.
The first phase of the consultation process is now under way, involving a programme of engagement with interested parties and that is scheduled to finish later this year.