The path has been cleared for the redevelopment of Phibsborough Shopping Centre and Dalymount Park after an agreement was made between Dublin City Council and developers.

The council bought Dalymount Park in 2015, and announced plans in 2018 for a huge revamp of the stadium, whereas developers MM Capital received permission from An Bord Pleanala to revamp Phibsborough Shopping Centre.

However, questions were raised about the ownership of a plot of land between the centre and the stadium, which stalled the continuation of either project.

Last week, city councillors were told that a “settlement” had been reached between the council and MM Capital which would allow both projects to power on ahead.

MM Capital are expected to pay €40,000 to Dublin City Council for the plot of land, which will be used to construct a public plaza between Phibsborough Shopping Centre and Dalymount Stadium.

There will be a massive facelift for the northside area in the coming years with both projects.

A €50m revamp of Phibsborough Shopping Centre, regularly noted as one of the capital’s biggest eyesores, was approved by An Bord Pleanala in 2018. Developers cannot demolish the building as they don’t own the Tesco or Eddie Rockets beneath it.

However, plans are expected to include building up the site with heights ranging from three to seven storeys with a number of new units.

Student accommodation, shops, offices and restaurants are all expected to be included in the redevelopment.

Meanwhile, Dublin City Council purchased Dalymount Park for €3.8m in 2015, and plan to construct a brand-new, state-of-the-art €20m stadium.

They are expected to seek finance from the Department of Sport in the coming months for the new 10,000-seater stadium, which will be home to both Bohemians and Shelbourne FC.

A plan for the revamp of Phibsborough was created by the council over a decade ago, aiming at redeveloping the village. Work on both projects is expected to be completed within the next three years.