Oireachtas Joint and Select Committees

Wednesday, 10 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Tom O'Connell:

No, my interpretation would be that if you get into the issue of zoning of land and so on, that is a very - what do you call it? - controversial area, you know, because ,I mean, I was going to say down in Dungarvan there was a criminal case there where somebody was up for corrupt planning. And the county manager, in the course of the trial, said that if you zoned a particular piece of agricultural land, that would have increased in value tenfold. So, the zoning of land, as you blokes probably know very well, more than I do and county council and so on, is a very contentious issue. But the point ... the economic point is that one needed to increase housing supply and, therefore, zoned land ... more zoned land had to be brought on stream. And I was trying to hint at that in my draft comment, which never went beyond that.

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