29/10/2013

Varadker Urges Howlin To Act On Proposed Rate Increases

Transport Minister Leo Varadker is "putting pressure" on an independent body responsible for the €3.5m Croke Park and Aviva Stadium rate increase, according to the Irish Independent.

Under the first rates review in a number of years, the new proposed rates bill for the Aviva Stadium stands at €2.36m, up from €437,000.

For Croke Park, the new proposed bill is €2.11m, up from €528,000.

The rates bills are determined by the Valuation Office, an independent body. However, it is claimed that Mr Varadker is calling on Public Expenditure Minister Brendan Howlin to intervene as he has the responsibility for a new bill which will change how the Valuation Office works.

It is understood that Mr Varadker is "very concerned" about the proposed increase in commercial rates, saying that it would have a "significant impact on the sustainability of their finances."

(MH/JP)

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