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Wed 10 Oct 2008Belmayne new town plan in disarray as developer opts out
PLANS TO create a major new town at Belmayne in north Dublin are in disarray after the developer pulled out of the purchase of lands earmarked for the town centre.
In the latest high-profile land deal to collapse in the city, Stanley Holdings have told Dublin city council it is unable to raise the € 5 million down-payment on the land, let alone the full € 60 million price tag.
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