The International Financial Services Centre (IFSC) is an area of central Dublin and part of the CBD established in the 1980s as an urban regeneration area and Special Economic Zone (SEZ) on the derelict state owned former port authority lands of the reclaimed North Wall and George’s Dock areas of the Dublin Docklands. The term has now morphed into use as a metonym for the Irish financial services industry as well as being used as an address and still being classified as an SEZ.
It officially began in 1987 as an SEZ on an 11-hectare docklands site in central Dublin, with EU approval to apply a 10% corporate tax rate for “designated financial services activities” on the site. Before the expiry of this EU approval in 2005, the Irish Government legislated to effectively have a national flat rate by reducing the overall Irish corporate tax rate from 32% to 12.5% which was introduced in 2003.
An additional primary goal of the IFSC was to assist the urban renewal and development programme of the North Wall area as a result of its dereliction following the advent of containerisation in the 1960s.
The original IFSC 1 (development of the 11 hectare site from 1987 to 1997 under the Custom House Docks Development Authority “CHDDA”) comprises the area between Memorial Road, Amiens Street, Lower Sheriff Street (including part of Crinan Strand), Guild Street, and the River Liffey along North Wall Quay and Custom House Quay. Adjacent districts include East Wall to the north and Spencer Dock to the east; the Custom House, Busáras and the city centre lie to the west along Store Street and Abbey Street. Within the IFSC, the original development area lies west of Commons Street.
As a young budding photographer trying to get my foot on the professional ladder and having received permission from Mr Frank Benson (The then, Chairman of Custom House Docks Development Authority) – in late 1987 and early 1988 i went about recording this area of the Dublin Docklands using a 35mm still camera and some B+W film before it was redeveloped. This in turn led on to the larger project of trying to record the whole of the Docklands . Some of the results can be seen and this small production i put together in late 2019 https://vimeo.com/373736369
I have chosen a selection of the images i took for the project for this Blog – Enjoy! http://www.osheaphotography.com