Used to belong to the Nuns (cant remember which order) whose convent is there wither Grace Park Road or Collins Avenue. AFAIK DCC didn't buy it, they have been either renting it or using it under a licence.
In any event, buying sites big enough for P&R in the right areas will be costly. Previous much heralded P&R schemes have fallen by the wayside because of the lack of "suitable" sites.
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