Dublin Port is undoubtedly one of Ireland’s most valuable pieces of real estate, involving approximately 263 hectares (650 acres) of prime development land that is significantly undervalued in its current use. The potential of the port cannot be overstated and can no longer be ignored. It is anticipated that Dublin Port will have reached operational capacity by 2008. This leaves the Government with mainly two possible options: reclamation of some 21 hectares (52 acres) amounting to 0.04 per cent of Dublin Bay; or relocate the port. Reclaiming the land may give rise to a number of damaging issues, such as increasing the risk of flooding in city centre areas and ecological threats. Furthermore, this option can only be seen as a short term solution to a long term problem. Should the Government choose to relocate the port, they would be freeing up one of its high net value assets. Relocating the port and releasing up to 650 acres of city centre lands may enable rezoning to mixed uses. Under the Dublin City Development Plan 2005-2011 the majority of the port lands are zoned “Objective Z7″, providing for mainly industrial use.
The Irish Times