The Board of Horse Sport Ireland (HSI) has decided today that due to external economic factors beyond its control, the agreement in principle to build a Centre of Excellence at Greenogue, in Rathcoole, Co. Dublin will no longer be pursued. The proposal to enter into a 35-year lease with Greenogue Equestrian will not be advanced and in the context of the HSI Strategic Plan 2019-2024, an alternative strategy will be considered. Consequently, as a legally binding lease will not be entered into, any construction development works will not be tendered for, and the proposal to further develop the site to Horse Sport Ireland’s specifications will fall away. The decision has been taken by the Board of HSI after careful consideration of the current economic context and prudent assessment of the inherent risk factors arising for such a significant strategic project. The spiralling construction costs, due to inflation in the economy […]
