Updated: 10/10/16 : 05:32:01
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Sligo developer: NAMA 'disaster' will be Minister's 'legacy'

THE MAN with the Golden Plan for Sligo town has slated the National Assets Management Agency (NAMA).

He claimed that the State agency had ''destroyed'' the construction industry.

The developer has also warned Finance Minister Michael Noonan that NAMA will be his ''legacy.''

Johnny Ronan's Treasury Holdings had an 80 million plan for the centre of centre.

It included Debenhams as anchor tenants and even suggested a new library!

The ambitious plan has long run aground. See link below.

Back in February 2016 Rohan sent an email to Noonan offering his stark views on both NAMA.....and the agency's (possible) impact on his political legacy.

The details have now emerged in Freedom of Information (FOI) requests by The Sunday Business Post.

Ronan told Noonan that NAMA would ''.....Banjax an already volatile property market.''

He warned that NAMA will become a ' 'financial disaster'' and told Minister Noonan: ''It will have happened on your watch -- it will be your political legacy.''

The now dilapidated Treasury Holdings office in Sligo's Wine St Carpark. Photo: SligoToday.ie

Link: See also Sligo Today 21/3/2015.