Oireachtas Joint and Select Committees

Thursday, 12 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Mr. Frank McDonald:

No. In general, land that is required for development is zoned for it. For example, if one had a plan for a new town, one would zone the land required for the new town, having considered all the factors involved. The entire area would be designated for development and compulsorily acquired by the local authority. A master plan would be done for the entire development, and then the land would be parcelled up and made available for development.