Mr. Phelim O'Neill:

The Cathaoirleach is exactly right. It is the underlying existing use value. Part 9 of the regulation of the LDA Act sets out that existing use value is as per Part V of the Planning and Development Act. Part V relates to the social and affordable aspect. There is a significant amount of case law and a valuation mechanism to determine the existing use value. The Cathaoirleach makes a relevant point. The existing use value for a green field is essentially agricultural value whereas a bus depot has an intrinsic value. There is a mechanism to value those. As the CEO mentioned, the costs are quite nominal in many cases in the context of the overall cost of the delivery of schemes.