Oireachtas Joint and Select Committees

Thursday, 18 May 2017

Public Accounts Committee

Bord na gCon: Financial Statements 2015 (Resumed)

9:00 am

Mr. Pat Creed:

Chairman, I wish to make a correction. The Meelick site cost €1 million but another €900,000 was spent on the Meelick site so the liability was actually €1.9 million and a further €200,000 was used to use the site maps for the current Limerick stadium, so the net loss arising from Meelick at this point in time is €1.7 million less the realisable value of the asset.

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