Oireachtas Joint and Select Committees

Thursday, 2 April 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Mr. John Moran:

Again, if one used the approach I outlined earlier on when one is working out what the cost is to develop this site, and if remediation was necessary, one would have estimated the costs of remediation as part of the overall costs. If enormous remediation costs were required, the natural assumption would be that one would pay less for the actual land value, because there were additional costs over and above normal.