U2 members buy out partner company in U2 'world class' visitor centre proposal

  • 📰 thejournal_ie
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 50%

United States News News

United States United States Latest News,United States United States Headlines

U2 firm, MHEC Ltd and businessman Paddy McKillen Snr’s secured planning permission in January 2019 for the U2 visitor centre and exhibition space

A COMPANY CONTROLLED by the members of U2 has bought out its partner firm in the band’s planned “world class” U2 visitor centre and exhibition space for Dublin’s docklands.

The visitor centre is to contain exhibit spaces housing memorabilia from U2’s vast musical history including old guitars, performance outfits and paraphernalia from their past. A note attached to separate 2021 accounts filed for Golden Brook Ltd show that the firm’s bank loan of €1 million and McKillen’s loan of €800,430 to the firm were fully repaid on the acquisition of the business by Not Us Ltd where Bono, The Edge, Adam Clayton and Larry Mullen each have a 25 per cent shareholding.It is not clear if the Golden Brook Ltd purchase ends McKillen’s involvement in the visitor centre project or is only a restructure of the joint venture.

Asked to confirm that it intends to construct and operate the U2 Visitor and Exhibition Space which it secured planning permission for in January 2019, the spokesman declined to comment any further.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 32. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

More Bono.................great.

Please God, no

Sorry cathmartingreen but why should so much city space be given over to these self-promoting business men? Dublin does not need this utter vanity project. This should go the way of the white water rafting centre.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rise in ‘uncommenced’ planning permissions linked to land speculation in housing marketThere were more than 42,000 apartment units with planning permission that had yet to begin in Dublin at the end of last year - report
Source: IrishTimesBiz - 🏆 6. / 77 Read more »

Rise in ‘uncommenced’ planning permissions linked to land hoarding in housing marketA report by the Department of Public Expenditure on planning permissions and housing supply highlights “a growing gap” between the number of apartment permissions and completions.
Source: IrishTimes - 🏆 3. / 98 Read more »