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
If it was for sale, it would not get anywhere near the valuation. That is if we look at it based on a rental income of €66,000. It would be ten times the rent; it is as simple as that. I cannot believe we put €8.4 million into a commercial entity with preferential rents and terms for 25 years. The witness mentioned Sligo. What projects got €8.4 million there?
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