Seán Fleming (Laois, Fianna Fail) | Oireachtas source

On that point, Mr. McDonagh mentioned the increased valuation of the site and he made a big play in his opening remarks about the Poolbeg West project. He says that NAMA got its designation in 2016 and it will be 2020 before a house has been started on. It will, therefore, be at least 2022 before somebody moves into a house there all going well. That is a time lag of six years. It dawned on me during his opening statement that if the value of that increases substantially over that period, the receiver might have a very different view on what can be achieved. Is that possible?