Oireachtas Joint and Select Committees

Thursday, 10 October 2024

Public Accounts Committee

Financial Statements 2023: Land Development Agency

9:30 am

Photo of Brian StanleyBrian Stanley (Laois-Offaly, Sinn Fein)
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I understand it takes a while to get it going because the investment is front-loaded to try to get back the rent that will finance the capital over 30 years or whatever way they are done. In some countries it can run over 40 years and different places use different models. There are further units in concept stage or design stage and they are coming through. On the cost of the finished product, Mr. Coleman mentioned the average cost in Citywest was €435,000. Is that correct?