Metro North - Fingal County Council

MetroNorth
Assuming that lands identified as zoned but without planning permission
and land unzoned within the 1km band are most likely to be delivered
within the timeframe, the updated levies stated could yield the following:
z o ned lands y i e ld ¤ m
Commercial 77ha 48.3
Residential 20.9ha 5.7
u n z o ned lands
Commercial 123.5 ha 77.6
Residential 50.5ha 13.9
Total 145
The outcome would therefore be:
Yield from zoned and unzoned lands 145
Cost (at 50%) 150
Shortfall 5
This is an estimation of potential yield, assuming the development of
100% of the zoned and unzoned lands identified.
The redevelopment of lands which are already developed would
potentially yield additional levy income. They are unlikely to come
on stream to any great extent in the medium term, however, as much
of the development is of comparatively recent construction. From the
perspective of a business case there would not be confidence on the yield
being achieved from these lands. If say, 10% comes on stream this will
provide for the shortfall of €5m as set out above plus a possible shortfall
from the forecasted yield.
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