THE 10 acre site earmarked for LYIT’s expansion cost the state €6M, donegaldaily.com can reveal.
The site on the Port Road was only bought after two independent valuations were provided, we understand.
We can also reveal the price is one third of the valuation the land had at the height of the property boom.
Yesterday Tanaiste Mary Coughlan was in Letterkenny to announce the land acquisition to the delight of everyone at LYIT. Another 66 acre site in the town was also secured for around €2M.
