Oireachtas Joint and Select Committees
Thursday, 27 September 2018
Joint Oireachtas Committee on Housing, Planning and Local Government
Rebuilding Ireland - Action Plan for Housing and Homelessness: Discussion (Resumed)
2:00 pm
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source
Fine, although it was in the newspapers on Saturday, so it is in the public domain. The company bought the Cherrywood land from NAMA at a low price and now it is being flogged, with no houses built. The company is walking away with a fortune and no houses have been built. Does it bother the Minister that land acquired from the State is being flipped and the company will walk away with a massive profit on a site we could use for public housing? Would that lead the Minister to conclude that perhaps the State should consider taking back the site? There is a miserable 10% that we hope to get so we might at least take our 10% upfront in land and build on it ourselves so we are not reliant on Hines or the next developer who buys on it for speculation purposes.
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