DETAILS of an urban regeneration investment of €18.1m which will help deliver the ambitious Letterkenny 2040 Project and rejuvenate the town have been releaasewd this morning.
This second round of the Urban Regeneration and Development Fund (URDF) will see €18.1M invested in phase one of the Letterkenny 2040 Project which includes the revitalisation of the Cathedral Quarter and Lower Main Street as well as the revival of the Courthouse and the growth of a regional transport hub.
Based on applications from local authorities, the URDF will see substantial investment in infrastructure, improving transport and connectivity, quality and location of housing, recreational and cultural facilities, among other areas.
The projects for which URDF support have been approved are:
‘Letterkenny 2040 Phase1’ is a transformative urban regeneration project with a series of inter-related regeneration measures in Letterkenny Town Centre. It is a strategic step in Letterkenny’s longer term regeneration goal to transform the core of the regional cross-border centre as a ‘Place for People and Public Life.’ It builds on the ‘Call 1’ funded project, which involved a Masterplan and site assembly works.
This project consists of five inter-related elements:
- The Cathedral Quarter: these works involve site assembly, design and capital works, including a ‘Creative Design Hub’ together with green urban parkland
- Renewal at Lower Main Street: site assembly to enable future integrated renewal of Main Street
- Revival of the Courthouse: new enterprise space blended with a tourist attraction in the revived historic Courthouse
- Regional Transport Hub: site assembly to enable future development of a regional transport hub
- Letterkenny Green Connect: site assembly to enable cycling and pedestrian space
Deputy Joe McHugh said new funding from round 2 of the URDF follows on from initial funding of almost €2m in November 2018 for the design and preparation of the Letterkenny 2040 Project.
“This new investment will unlock the potential of our urban areas, making the best use of land available, promoting sensible development and compact growth, and ensuring that our urban communities are attractive and vibrant places in which to live, work and visit.
“The support from the URDF for our communities is more vital than ever with the growth in remote and blended working which means more time spent at home locally, reduced time spent commuting as well as a boost for local businesses,” said McHugh.
“I am aware of the work that has gone into planning and developing these transformative projects and I’m eager to see their implementation which will benefit us all here in Donegal and in the north-west region,” he added.