Killarney Sports and Leisure fundraising draw dropped.

The fundraising draw for the 10-million euro Killarney sports and leisure centre is to be dropped because of a poor take up. Radio Kerry News has learned that the committee now accepts the target of 2.1 million euro cannot be met. Contributors are to be given a full refund. Less than 100 people are believed to have subscribed to the draw, which was scheduled to have its first draw next month.Its cancellation now means the funding will have to be found somewhere else if the centre is to go ahead. In a statement the organizers say that while the cancellation of the draw is a setback they still have a number of options and they are confident the project will still go ahead. Alternative fundraising options are to be examined in the coming weeks and according to the treasurer Brendan Lynch any new fundraising initiave will have to be supported by the people of the town and the surrounding area.Killarney Town Council is looking for approval from the Department of the Environment to raise a loan of three million euro, some of which could be used to cover any shortfall in local fundraising. It would mean the Town Council would have an annual repayment of nearly 250,000 euro for 15 years.

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