Recent Development
Passage West suffered from relatively high unemployment for much of the late 1980s and early 1990s, but recent re-development, along with the sweeping harbour views the area offers, has resulted in the town becoming a popular place to live. There has been a substantial amount of new housing development in the last seven or eight years - especially in the townlands of Pembroke and Rockenham on the northern edge of the town.
In 2006 Howard Holdings, one of Ireland's largest property development companies acquired the former Royal Victoria Dockyard site from Haulbowline Industries, a stevedoring business owned and managed by the Hill family (David, Orlando and Roger Hill). In December 2007 they held a public display of plans for the redevelopment of the site. At the time they indicated that this development would proceed immediately subject to planning approval. However the project has since stalled due to the collapse of Ireland's property boom and Howard Holdings is, as of May 2011, in danger of collapse due to heavy debts and its association with the bailed out Anglo Irish Bank
Read more about this topic: Passage West
Famous quotes containing the word development:
“Information about child development enhances parents’ capacity to respond appropriately to their children. Informed parents are better equipped to problem-solve, more confident of their decisions, and more likely to respond sensitively to their children’s developmental needs.”
—L. P. Wandersman (20th century)
“As long as fathers rule but do not nurture, as long as mothers nurture but do not rule, the conditions favoring the development of father-daughter incest will prevail.”
—Judith Lewis Herman (b. 1942)