Oireachtas Joint and Select Committees
Thursday, 28 September 2023
Public Accounts Committee
NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General
9:30 am
Mr. Brendan McDonagh:
I understand completely. The local authority could have stepped up to the mark, as it indicated it would do, but when it pulled out, that was the end of it. If the local authority had got it, it could have done up those houses and used them for housing and we would have had a much better outcome. I was shocked when it withdrew. It said it was not interested and was not getting involved. The receiver said they were not going to put with it and were resigning, so we had no options. That is the reality. I can understand the Cathaoirleach and others talking about this but this was an exceptional situation.
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