Oireachtas Joint and Select Committees

Thursday, 3 October 2024

Public Accounts Committee

Financial Statements 2022: University of Limerick
Special Report No. 117 of the Comptroller Auditor General: University of Limerick Property Acquisitions in Limerick City

9:30 am

Mr. John Kelly:

The desired scenario at the time this was put in place was to put a landmark building on that property, given its location. It was over paid for but, given where it is in Limerick city, it is strategically valuable. It has great potential. The question is whether the university has the money or the wherewithal to pull off a redevelopment of that scale, and that is very uncertain.

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