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

Photo of Richard Boyd BarrettRichard 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.

Comments

No comments

Log in or join to post a public comment.