Oireachtas Joint and Select Committees
Tuesday, 11 May 2021
Public Accounts Committee
Financial Statements and Accounts
9:30 am
Mr. Seamus McCarthy:
I am sorry for the delay in replying. The vacant site is part of the land that the agency owns in the Liberties. It is in Dublin city centre. The determination on the site was first identified in 2018. The levy is payable in arrears. It approached €100,000 in 2018 and that was recorded in the 2018 financial statements, but the payment was much more significant in 2019 at €227,500. I would have expected that the payment was going to continue because the agency flagged that it did not have the resources at that stage to develop the site and therefore its expectation was that the site levy would continue to be paid. The agency stated that the Department is conducting a strategic review of the agency and any property development plans will depend on the outcome of the review. There has been publicity recently about the determination to wind up the agency in due course.