Dáil debates
Thursday, 22 April 2010
Planning Issues.
3:00 pm
John Gormley (Dublin South East, Green Party)
I will get to the bottom of all the financial irregularities that were exposed concerning some of the planning issues as well. The authority's accounts show a write-down on the valuation of the Irish Glass Bottle Company's site from €412 million to €50 million, based on the red-book valuation of the site. A write-down of that scale reflects the distressed property market and the banking system. This matter has been in the public domain and it is clear to most people that this was a case of Celtic-tiger Ireland going overboard.
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