Oireachtas Joint and Select Committees
Thursday, 29 March 2018
Public Accounts Committee
2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15 - Galway Art House Cinema
Vote 33 - Arts, Heritage, Regional, Rural and Gaeltacht Affairs
9:00 am
Marc MacSharry (Sligo-Leitrim, Fianna Fail) | Oireachtas source
That is €8.4 million in public investment for a commercial entity to show a portion, at least, of art house movies with a nominal rent, if we use my figures, of €66,000 per year. The valuation for the lien that the Department and the council has, from my own knowledge of valuations and based on a rental income of €66,000, is €660,000. Who did the valuation?
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