Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

In North Lotts, €50 million was spent acquiring the development lands. Page 28 of Mr. Crawley's briefing states the authority spent approximately €50 million acquiring development land sites that were subsequently transferred to NAMA at a value of €7.85 million. This represents another loss, of €42 million. The sum of €35 million and €42 million is €77 million, which represents a loss of nearly €80 million in respect of the CHQ building in the IFSC, North Lotts and the development sites. Do we know much about the circumstances of the development sites and of the due diligence procedures that were applied? Has the authority examined this? Nearly €80 million in taxpayers' money is probably down the drain if one includes legal fees, etc.