Greystones Harbour Marina opened 2013 with just 100 berths and has grown rapidly to 200+ berths.

A €300 million redevelopment scheme for the harbour was proposed by the Sispar consortium (Sispar is a joint venture consortium of Sisk and Michael Cotter's Park Developments) in a public-private partnership with Wicklow County Council. This development was a topical issue in the town, with objections revolving around the privatisation of public beachfront land without a broad public agreement. The development includes a new harbour, 341 apartments, a 230 berth marina, a new public plaza and facilities for local sporting clubs.

On the granting of planning permission, 6,210 submissions were received by An Bord Pleanála on initial plans, of which more than 6,200 were objections.[9] Many of the objections came from outside County Wicklow, according to a spokesman for Wicklow County Council.[10] Many objected to specifics of the plan while approving the general idea. An oral hearing was held and the board requested the developers to make certain changes which resulted in the plans being scaled down by approximately 10%. Some 3,700 objections were made on these updated plans. On 9 August 2007, the board approved the final plans, while imposing 13 conditions on construction works, including the retention of public access to the Cliff Walk during the development period, strict guidelines in relation to dust suppression, the re-use of demolition materials, and limitations on the hours of operation and noise levels. The board also over-ruled an earlier inspector's report, instead permitting an old unlicensed landfill to remain beside the new apartments.

In February 2010, it was announced that development of the marina would be paused indefinitely due to conditions in the Irish property market.

After the development plans stalled, the loans attached to the development were transferred to NAMA. Sispar insisted that it needed funding from NAMA to finish the project. In September 2012 it was reported that NAMA had written off €50m owed for the troubled development of Greystones Harbour. It appeared that it was not the Sispar consortium but Sisk alone that controlled the loans.

Almost all of the new harbour facilities are now in use and available to the public, while construction of apartments is ongoing.

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