Oireachtas Joint and Select Committees

Thursday, 22 September 2022

Public Accounts Committee

2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 33 - Tourism, Culture, Arts, Gaeltacht, Sport and Media
Horse Racing Ireland: Financial Statements 2020

9:30 am

Ms Suzanne Eade:

That is fine. Effectively, what happened here was that we are hoping to redevelop the Tipperary course into an all-weather track. There were parcels of lands we wanted to procure. At the same time, we knew we would have to procure some and then swap some to get the width of the racetrack we desired. We acquired the first piece of land and then we got into a negotiation with another seller to swap that land. When we did that, we swapped at a deemed lower value than we had paid for the land. The land we had purchased was made up of-----

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