Oireachtas Joint and Select Committees

Thursday, 18 October 2018

Public Accounts Committee

HEA Financial Statements 2017

9:00 am

Photo of Marc MacSharryMarc MacSharry (Sligo-Leitrim, Fianna Fail) | Oireachtas source

I ask the chairman, Mr. Horgan to take my last comments on board on the basis that Dr. Love will be moving on, because it is important that it is reflected in the record.

Turning to Mr. Ó Foghlú, we will be coming to this matter at a meeting in our work programme; we have discussed loosely here without firming it up that we are going to invite him in again with the Department of Agriculture, Food and the Marine and the Irish Greyhound Board. The issue concerns the sale and purchase of the Harold's Cross centre for a much-needed school out there in the area, which we all support. The issue concerns two schools and the issue of price. I had the misfortune to have had some experience of valuing. Back in May I crudely put a valuation on it that was less than half of the amount paid. I queried whether a valuation was available and the Irish Greyhound Board said that it had one from Savills but would not give us the amount at the time. I speculated that it would have been very substantially less. This figure is now in the public domain and it is €11 million less. How does that happen?

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