Oireachtas Joint and Select Committees
Tuesday, 15 October 2019
Joint Oireachtas Committee on Housing, Planning and Local Government
General Scheme of the Land Development Agency Bill 2019: Discussion (Resumed)
Eoin Ó Broin (Dublin Mid West, Sinn Fein)
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The point Deputy Casey is making is that land is not registered at current market value in many instances. Large volumes of public land sit on the balance sheet of a public agency at the value at which it was acquired rather than the open market value. If I understand the point Deputy Casey is making, the market value should be the compensation level if it is then coming off balance sheet.