Why Cork is More Corrupt than The Sopranos
Monday, March 24th, 2008I’ve been watching the Sopranos from start to finish since I got some boxed sets last Christmas. Lots to say about them, but I’ll keep it short for now.
Currently, I’m on season 4, and just watched this episode, “Watching Too Much Television”, where Tony and Ralphie devise a “HUD” scam (Housing and Urban Development). Basically, the gangsters buy up some low cost property in a disadvantaged part of Newark, get someone to value them at a high valuation, and then sell them to the government at the inflated price to be included as part of a low-income housing scheme. Tony makes a lot of money out of it.
Fast forward about 12 hours to a discussion I had with my brother yesterday, telling me about this thread on an Irish property website called The Property Pin.
Cork City council has purchased 96 apartments for social housing in a development at Atkins Hall, Lee Road, Cork City for a fee of €25,365,000. This apartment development has been on the market for 7 or 8 years but has had poor sales because it is located in a former mental institution and my fellow Corkonians being a somewhat superstitious lot were none too keen to move into the building. Step forward Cork city council to bail out the developers by buying up all their unsold stock at an average cost of €264,218.75 per apartment.
Apparently Cork City Council’s plan is to house elderly residents in the former mental institution that most Cork people like Rymus wouldn’t live in if they were offered with a free car and a cheque for €300k. And it’s also on a steep hill outside the city with no buses or essential services in the area.

So the council swoops in and pays above the odds for 96(!) apartments that were having a hard time selling. I’m not an expert in the property market, but if I were buying an apartment which has been sitting on the market for years, I would try bargaining to bring the price down a bit. If for some reason I wanted to buy 96 of these apartments, then I would be reasonably confident in my ability to haggle a few grand off the price tag, wouldn’t you? Somebody should tell Cork City Council that usually when you buy in bulk you’re supposed to save money.
Piecing together what I’m reading on the rest of this thread, what we have effectively is this: a developer buys this entire place from the government in the 90s for £900,000. They do up the apartments, sell a bunch of them to private buyers, and then flog the rest of them back to the government for nearly €26 million. You can be sure there’s some crooked valuer in there signing off on the hefty valuations too, and a couple of fat cats lapping it up.
As far as I can see, the only difference between this scam in Cork, and the Sopranos in Newark was that Tony Soprano was dealing on a much smaller scale (haggling over $7,000), and the HUD scheme actually made sense for the residents. Or maybe I’m just watching too much television?



I have to commiserate with the Déise fans, this team deserves an all-ireland final at the very least, and I would liked to have seen them get a crack at Kilkenny. They had a very strong team today, with John “turkey head” Mullane having been allowed out of the institution for the occasion. Parts of the stand erupted in “gobble gobble gobble” whenever he had the ball, and it looked like he was indeed going to lose his head, towards the end of the match.
Cork City drew with the Cypriot champions tonight in Nicosia, and thus they advance to the next qualifying round of the Champions League. For long spells Apollon were a handful, with their star player - the Polish international Łukasz Sosin - looking particularly dangerous. It was he who scored the inevitable goal which had seemingly turned the tie, but Cork City responded by stepping up a gear and attacking continuously, looking the better side in the second half. The decisive goal came from Neale Fenn’s corner which was powerfully headed into the top left corner of the net by the big defender, Dan Murray. A great performance as usual between the posts by Mick Devine (who has proved himself to be a first rate keeper over the past few years), and some top notch defending by the back four.
Next up for the Rebel Army is an encounter with the former superstars Red Star Belgrade, aka Crvena Zvezda from Serbia. This is the team that won the Champions League outright in 1991, and currently have a number of World Cup internationals in the side. The first leg takes place next Wednesday in Turners Cross.
Job done in Turner’s Cross this evening as Cork City drove the Cypriot team Apollon Limassol to their first defeat since May 2005 in this Champions League first round qualifier. I was shocked by the poor quality of football from Apollon at times, but it took a nice goal in the second half by Billy Woods for Cork to capitalise. No match report on the 
