Oireachtas Joint and Select Committees
Thursday, 19 September 2013
Public Accounts Committee
Annual Report and Accounts 2012: Discussion with IDA Ireland
10:50 am
Shane Ross (Dublin South, Independent)
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No. I believe it helps it that there are all of these dodges here. It is actually an asset - they see it as a conduit. I am concerned about whether we get enough out of it - whether we condone it without actually getting anything out of it.
The property values have been marked down by €191 million. How does IDA Ireland work that out? What formula is it using for the reduction in property values?