CLARE County Council has been urged to close down the controversial Ennis 2040 Designated Activity Company (DAC) amid claims it is not generating annual revenue to meet its repayments for a €10 million loan.
Councillor Tommy Guilfoyle (SF) called on the council to cut its losses and close down Ennis DAC after Councillor Tom O’Callaghan (FF) questioned if any revenue has been generated to pay back.
While Councillor Guilfoyle acknowledged he wasn’t a financial person, he stressed “for love nor money would I give you a loan of €10 million on the basis you can’t tell me how you are going to pay it back, but I know I am going to be responsible to pay it back.
For more on this story and all the latest news from the Banner County, pick up this week’s Clare Champion or view our digital edition which is available HERE.
East Clare correspondent, Dan Danaher is a journalism graduate of Rathmines and UL. He has won numerous awards for special investigations on health, justice, environment, and reports on news, agriculture, disability, mental health and community.