Oireachtas Joint and Select Committees
Thursday, 18 April 2013
Public Accounts Committee
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 30 - Communications, Energy and Natural Resources
Chapter 20: Broadcasting Fund
Broadcasting Fund Financial Statements 2011
Broadcasting Authority of Ireland Financial Statements 2011
12:00 pm
Ms Celene Craig:
That arose because of the economic environment. The tenants at the time had put us on notice that they were going to leave. They then proceeded to renegotiate. We took advice from Lisney. We chose to renegotiate with the tenants to get them to stay on and to extend their tenancy on a reduced rate. There was a real fear that we would have nobody occupying the premises. We were attempting to offset some of the costs rather than having to bear all of the costs ourselves for a premises that was not being utilised.
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