Oireachtas Joint and Select Committees

Thursday, 12 December 2013

Public Accounts Committee

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

12:10 pm

Mr. Paul Maloney:

On 20 October, which is the next meeting to discuss valuations, we had this range of valuation between €250 million and €375 million. We had the comparative figures we had gained that the site could go up to €400 million. At a long discussion at the board meeting of 20 October, 17 days later, the board and the executive decided that the maximum valuation we would go to was the higher end of our own valuations. That was between €250 million and €350 million, and the comparative method we got said it could go up to €400 million. That is the first point. The second point is that on 5 October, I already had a range of valuations even greater than that, dependent on these professional parameters.

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