Originally Posted by
Dalymountrower
Yes there is a substantial charge on the property .Just like any one holding a mortgage we have to either meet ongoing interest and capital payments or come to some other agreed arrangement.Whether we play football in Dalymount to help discharge those debts or say Archery competitions, is a matter of complete indifference to anyone holding the charge. We have use our property in the same way as any property owner has use of theirs
However, for example ,if property owners fail to pay and fail to reach agreement with the lender and default they can face action for repossession. Bohs would also be in that position if that hypothetical situation arose .To suggest that any mortgagee who cannot immediately pay off the full amount as having "defaulted" as you suggest, is wide of the mark.
Thankfully all still hypothetical. It would be great if we could hang on to the ground indefinitely and improve the facilities but with in two/three years of an upturn in the property market in D7 or when the DIT campus is developed in Grangegorman, the sad reality is that Dalymount Park will be sold.