Kerry County Councillors have approved the raising of a loan worth more than â¬4.7 million to obtain ownership of a property in Killorglin.
The motion to approve the loan was brought before councillors at this month’s meeting of Kerry County Council.
The council will assume ownership of the Killorglin Town Centre Development, which has been leased to the council since its completion.
The development of the Killorglin Town Centre Project began in 2004, and was developed as a public private venture with Laune Properties Limited.
Since its completion in 2006, an investors group has held the property under a long-term lease, and leased parts of the property back to the council.
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