Oireachtas Joint and Select Committees
Thursday, 30 January 2014
Public Accounts Committee
2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Land Swap Arrangement in the Provision of Affordable Houses
Vote 13 - Office of Public Works
11:00 am
Ms Geraldine Tallon:
Can I comment for a second before Ms McGrath comes back in? The fundamental point, I think, is yes, the site was valued at €17.5 million. The discounts awarded or the discounts offered and accepted from the developer were worth €31 million. The court award equates approximately to the discounts awarded - to the discounts given - not to the value of the site. The court award relates to and equates to the discounts that the developer had given.