Killarney Town Council apply to raise loan for sports centre.

The Mayor of Killarney says the 3 million euro loan for the new sports and leisure centre will have to be considered carefully in light of yesterday’s developments. It`s emerged that the committee behind the project are to cancel the fundraising draw. Less than 100 people are believed to have subscribed to the draw and those are now to be given a full refund.As part of the funding for the sports and leisure centre Killarney Town Council has applied to the Department of the Environment to raise a loan. The loan of 3 million euro will be paid back in installments of 241 thousand over 15 years.