Oireachtas Joint and Select Committees

Wednesday, 6 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of John Paul PhelanJohn Paul Phelan (Carlow-Kilkenny, Fine Gael) | Oireachtas source

Okay. I want to refer briefly to the site in Dublin 4, the hotel site which has been referenced by previous speakers in their questioning. Ulster Bank was the major funder. I think it was ... the purchase cost of the site was in the region of €380 million. Where you sit or stand now, what do you think of the decision that was made in 2005 to fund that particular investment?

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