Oireachtas Joint and Select Committees

Wednesday, 26 June 2013

Public Accounts Committee

Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed)

4:00 pm

Mr. Lar Bradshaw:

I will just say it again. I think in a kind of a practical way one is there saying: "God, it'd be great if we could have some involvement in this site." I can get into all the reasons having ownership is a good idea. One is saying: "But how realistic is that going to be? Are we going to be able to have joint venture partners?" So one has to start somewhere. I hear the Deputy's criticism. Personally, I think it was a pretty pragmatic approach to say: "Let's find out if this is even going to be doable before we get legal advice." We had not committed ourselves to anything. The Deputy can say we should have done it the other way and should have paid for legal advice. I respect his view but I do not agree with it. I think the way we went at it was a pretty pragmatic approach, to be honest. The other point about it is there were a lot of developers and there were a few developers whom I think the authority would have been comfortable trying to enter into a joint venture with around something like this. There were some developers whom I do not think we would have been comfortable with.

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