Oireachtas Joint and Select Committees
Wednesday, 26 June 2013
Public Accounts Committee
Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed)
4:10 pm
Mr. Lar Bradshaw:
Many valuations were flying around. Consider the minutes of the board meeting on 3 October where a paper was presented. I do not have the minutes in front of me, but I have noted some of the key points. I believe I am right in saying that, according to the paper, a 2005 valuation suggested a value of more than €300 million on a 3:1 plot ratio, but that prices would have increased substantially in the year and a bit since then. Based on recent transactions, the paper suggested a probable value of more than €350 million. According to a sentence in the paper, advice had been given informally suggesting that tenders would reach €400 million. All of this happened before 20 October. These statements were made in the paper to the board on 3 October. These were the numbers that were floating around.