Will the State’s plan for the Carlton Cinema site revitalise O’Connell Street?

First up on this week’s episode of Inside Business, host Ciarán Hancock speaks to Cliff Taylor of The Irish Times about the State’s purchase of the a 5-acre site on O’Connell Street in Dublin that used to house the Carlton cinema. Officially, it has been purchased for the Metrolink underground rail link to Dublin airport. But is this part of a wider plan by the Government to take charge of regeneration in this key urban quarter of the capital? Why did Transport Infrastructure Ireland pay €80 million to purchase the site from UK developer Hammerson? And did it really need to buy the site to deliver a Metrolink stop on O’Connell Street? Plus, fighting has once again broken out in the Middle East as the fragile ceasefire between the US an Iran has impacted on shipping going through the Strait of Hormuz. Denis Staunton has covered the story for The Irish Times, and he sums up the events of this week and where peace talks might go from here. Produced by John Casey with JJ Vernon on sound. * * * Hosted on Acast. See acast.com/privacy for more information.