It costs €165,000 to build a social housing unit.
Apollo House, and the adjacent Hawkins House are set for €50m worth of development.
This is equivalent to 300 social houses.
Of course, the site itself is not worth €50m, nor is the government likely to receive €50m in taxes, however it is important to realise the economic activity at stake here. Jobs in demolition, construction and in the completed offices are held up by this action.
Only through sustained economic growth will the State be able to address the housing crisis. If we stand in the way of economic progress, we stand in the way of housing for all.