Mick Barry (Cork North Central, Solidarity) | Oireachtas source

A final question, for Mr. Geaney, is on the Old Whitechurch Road site. There is a debt on that site. Was it the Housing Agency that purchased it in order to stop it from falling into the hands of the private sector? It was at the height of the Celtic tiger. The figure is in the region of €30 million. If Cork City Council is to deliver affordable housing on that site, one of the things that will need to be dealt with is the question of that debt. It should be written off. The council's position is that it should be negotiated downwards. Has there been any progress on that? Is there any information we can be provided with on that front?