The final decision is expected in the coming weeks.

In a powerful demonstration of unity and vision for the future of Cork, all major business organisations across the city region have come together to urge the government to approve the funding to enable the development of the Cork Events Centre.

The Cork Business Association (CBA), the Cork branch of the Irish Hotels Federation (IHF), Cork Chamber of Commerce, the Vintners Federation (VFI) in Cork, and the Restaurant Association of Ireland (RAI) collectively issued a joint statement this morning, highlighting that the Cork Events Centre will not only sustain and create thousands of jobs, but it will also stimulate significant economic activity, attract investment, and draw visitors to our city region, leading to the regeneration of Ireland’s second city.

“A piece of cultural infrastructure of this scale, with a capacity of 6,000 seats, and which can attract an annual attendance of around 500,000 people will be game-changing, not just for Cork, but for Ireland.” the group said.

‘The city will be transformed.’

“We estimate that 800 jobs in the hospitality sector alone will be created and sustained. It will also allow other businesses to expand and new ones to open. The city will be transformed.”

CBA, @Cork_IHF , @CorkChamber, @CorkVFI , and @RAI_ie urge government to approve funding for #CorkEventsCentre. 1000s of jobs, 500K annual visitors, city regeneration & speedy, significant ROI expected.
Full details here https://t.co/kslz8gFf4a@corkcitycouncil pic.twitter.com/MpRJp9uObF

— CBA Cork (@CBA_cork) July 5, 2024

Referring to the major private sector investment being put forward by live entertainment company, Live Nation, the group pointed out that the return on investment to the national exchequer would be rapid and significant, with estimates suggesting all costs would be recouped during the construction phase and within five years.

“The proposed Cork Events Centre is set to be a landmark cultural hub, which will significantly boost tourism, foster and sustain local business growth, give opportunities for the cultural sector in Cork, and enhance Cork’s status as a leading destination for arts and entertainment.

“The business groups emphasise that the centre will be a pivotal factor in economic development and enhancing the urban landscape, creating a vibrant cultural quarter and generating a ripple effect of prosperity throughout the city and surrounding counties.”

The group added that the anticipated influx of visitors and investment will revitalise local businesses, from hotels and restaurants to retail and entertainment sectors, while the creation of hundreds of jobs during construction and ongoing operations “will provide much-needed employment opportunities for residents, further strengthening the local economy.”