Construction work will start next year on a 6-million-euro project in Drumshanbo, which could facilitate up to 40 jobs.
Two derelict buildings, including the former Bank of Ireland, are to be overhauled.
The project, called The Exchange, will see a working hub and creatives studios developed.
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Leitrim County Council chief executive, Joseph Gilhooly, says it will transform the town centre:
