Oireachtas Joint and Select Committees
Thursday, 5 February 2015
Public Accounts Committee
Vote 25 - Department of the Environment, Community and Local Government
Chapter 6 - Land Aggregation Scheme
Chapter 7 - Matters Arising from Audit of Vote 25 - Environment, Community and Local Government in Relation to Water Services
10:00 am
Mr. John McCarthy:
It had actually purchased the site because it anticipated that the project would proceed. It had got to the approved in principle stage, and when it was decided that the project would not proceed and the cost was not recovered as part of a project, that was where the issue arose. The value of the site was paid over to the foundation, but with a guarantee on the future use of the site for social housing purposes.
No comments