The town had a tradition of cattle-trading up until 2003, when its cattle market was closed for development of a mixed commercial and residential scheme called the Market Point. Mullingar is famous for the neighbouring lakes, Lough Owel, Lough Ennell and Lough Derravaragh which attract many anglers. Lough Derravaragh is best known for its connection with the Irish legend of the Children of Lir. The town of Mullingar is linked to Lough Ennell via Lacy's Canal and the River Brosna.
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