Skip to main content

Property Bubble Floats Again...

The property bubble floats once again on the Fringe of 'Liffeytown'

ONE OF the more esoteric events of the Absolut Fringe Festival will be artist Fergal McCarthy’s Liffeytown . From September 12th to 26th, 11 temporary red and green structures will be floating in the River Liffey, between the Ha’penny Bridge and O’Connell Bridge. If they look familiar to you, that’s because at some time you’ve probably played with tiny versions of the Monopoly houses and hotels they resemble.

McCarthy got the idea from the “craziness of the development and lack of planning at the height of the boom, when apartment blocks were being built all over the city, particularly in the Liberties, where I was living at the time. It was a time of disposable architecture, with no vision or longevity,” he says.

It was also a time during which it seemed as if the planners, if they could have built on water, would have done so.

Now McCarthy is planning to do just that, with his river-based installation. “The Liffey is the central axis of Dublin, yet it seems strangely forgotten about. This is my way of redirecting people’s attention to the river.”

The structures, made of perspex with aluminium frames and buoyed up by polystyrene, will be lit from within with LED lights at intervals once darkness falls. “They’re about the size of garden sheds. I wanted them to look like they’re habitable, that people could almost get into them.”

Not that McCarthy actually wants anyone to get into them – or onto them. If you’re taking a trip on the Spirit of the Docklands boat any time soon – it is the one that plies up and down the Liffey every day – you’ll get to navigate through the floating red and green estate.

He’s not entirely certain yet what’ll happen when the backwash created by the boat hits the structures, but it’s unlikely they’ll sink as spectacularly as the property boom they represent.


Report by Rosita Boland - Irish Times

Popular posts from this blog

Ireland's Celtic Tiger Excesses...

'Bang twins' may never get to run a business again... POST-boom Ireland is awash with cautionary tales of Celtic Tiger excesses, as a rattle around the carcasses of fallen property developers and entrepreneurs will show. Few can compete with the so-called Bang twins for youth, glamour and tasteful extravagance. Simon and Christian Stokes, the 35-year-old identical twins behind Bang Cafe and exclusive private members club, Residence, saw their entire business go bust with debts of €9m, €3m of which is owed to the tax man. The debt may be in the ha'penny place compared with the eye-watering billions owed by some of their former customers. But their fall has been arguably steeper and more damning than some of the country's richest tycoons. Last week, further humiliation was heaped on them with revelations that even as their businesses were going under, the twins spent €146,000 of company money in 18 months on designer shopping sprees, five star holidays and sumptu

Property Tycoon's Dolce Vita Ends...

Tycoon's dolce vita ends as art seized... THE Dublin city sheriff has seized an art collection and other valuables from the Ailesbury Road home of fallen property developer Bernard McNamara. The collection will be sold to help pay his debts. The sheriff, Brendan Walsh, is believed to have moved against the property developer within the past fortnight, calling to his salubrious Dublin 4 home acting on a court order to seize anything of value from his home to reimburse his creditors. The sheriff is believed to have taken paintings from the family home along with a small number of other items. The development marks a new low for Mr McNamara, once one of Ireland's richest men but who now owes €1.5bn . The property developer and former county councillor from Clare turned the building firm founded by his father Michael into one of the biggest in Ireland. He is the highest-profile former tycoon to date to be targeted by bailiffs, signalling just how far some of Ireland's billionai

I fear a very different kind of property crash

While 80% of people over 40 own their own home just a third of adults under 40 do. This is disastrous for social solidarity and cohesion Changing this system of policymaking requires a government to act in a way that may be uncomfortable for some. Governments have a horizon of no more than five years, and the housing issue requires long-term planning. The Department of Public Expenditure and Reform was intended to tackle some of these problems. According to its website its remit is to “drive the delivery of better public services, living standards and infrastructure for the people of Ireland by enhancing governance, building capacity and delivering effectively”. So how is the challenge of delivering homes for people in 2024 and beyond going to be met? The extent of the problem is visible in the move by companies, including Ryanair, to buy properties to house staff. Ryanair has, justifiably, defended its right to do so. IPAV has long articulated its views on how to improve supply an