The Dublin Docklands Development Authority (DDDA) has discussed its options in relation to terminating the U2 tower competition. The board was briefed in recent months by acting chief executive Gerry Kelly "in relation to the continued suspension or the termination of U2 tower competition" [sic].

A consortium comprising U2, Sean Mulryan's Ballymore and property investor Paddy McKillen won the right to develop the tower through a vehicle called Geranger.

The tower is not listed by the DDDA as one of the area's major projects and the authority has not met the Geranger consortium since at least 2008. It is unlikely to be developed for many years. A risk review report drawn up in 2004 said that the project was part of the "highest gross risk" facing the authority and that the "Liam Carroll development makes the U2 tower legally insecure".

The authority is involved in a multi-million-euro arbitration dispute in relation to the first design for the U2 tower. The design was later dropped, and architect firm BCDH, which designed the original tower, has lodged a claim against loss of fees.

The DDDA has refused to say if the highest bid for a variant design later won the competition to develop the tower on a site which is currently derelict.