"We felt we were going to be annexed into other communities if we didn't have a place to meet and call our own, said Liam Carroll. So here we are, we're publicans. The new owners pooled their savings and formed a syndicate to buy the pub, which otherwise faced probable demolition and conversion into accommodation. The new owners formed a syndicate and bought the bar and licence for 300,000."
"The eclectic group which includes a barrister, a solicitor, a pharmacist, a clinical psychologist, a carpenter, an accountant, a teacher, a signmaker, builders, farmers and electricians bought the bar and licence for 300,000 (260,000) and used its varied skills to reestablish and refurbish the business. Previously Ahern's, the pub is now called the Street Bar, a reference to the local expression heading up the street, a euphemism for heading out for a pint."
Villagers in Kilteely pooled savings to form a 26-member syndicate and buy the local pub to prevent closure and demolition. The group includes professionals and tradespeople who used their varied skills to refurbish and reopen the premises. The pub, formerly Ahern's, reopened as the Street Bar and features new wiring, a cool room, Sky Sports, and signage declaring community ownership. The syndicate paid 300,000 for the bar and licence. The action aims to preserve a local meeting place amid a wider national decline that has seen Ireland lose over 2,100 pubs since 2005.
Read at www.theguardian.com
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