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Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Imelda Munster: That in itself - the purchase of an €8 million site appearing on the agenda under any other business - should have flagged concerns about the nature of the purchase. Any other business usually refers to trivial things that have been overlooked or missed. It is hard to credit that the purchase of an €8 million site would be under any other business and that this did not raise...

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Imelda Munster: That was the night before.

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Imelda Munster: That does not really-----

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Imelda Munster: -----justify the-----

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Imelda Munster: It was a telephone call the night before to say, "Hey, we are purchasing an €8 million site, would you stick it under AOB?" That in itself beggars belief. Is it the view of the representatives present that they were misled by the business proposal that was put to them on that night?

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Imelda Munster: Would Professor Mey define those shortcomings as misleading information?

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Imelda Munster: I am sorry; I understand that but would Professor Mey define that as misleading information?

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Imelda Munster: Okay. We have seen the document. On the bottom of page 2, it states that a significant advantage of this site was the ability to deliver quickly a fully functioning building. We now know that not to be true. We know it will possibly take upwards of a decade. It may have to be demolished. Surely, to be put forward in a document as a fully functioning building that could be delivered...

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Imelda Munster: There is Covid and then there is putting forward a proposal stating that it will be a fully functioning facility when we know now there is a world of difference in a site that may take ten years to put together. It may have to be demolished. It may cost €100 million, which the university does not have. There is a world of difference. Bringing Covid into the equation is nonsense....

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Imelda Munster: Does the university have the money to bring that site into use?

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Imelda Munster: In the here and now, after purchasing an €8 million site, the university does not have the money to put that right.

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Imelda Munster: Could it possibly cost up to €100 million? What is the timeframe for it?

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Imelda Munster: Okay. Professor Mey has no real idea other than to say she cannot rule out that it could cost €100 million.

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Imelda Munster: Okay. I want to come back to the proposal itself. It made no mention whatsoever of asbestos damage. The proposal made no reference to the fact that it was on a derelict site. The document we read stated that the engineering assessment outlined how the building is designed for several additional floors above the existing two floors. That was not true. The structural design will not...

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Imelda Munster: This would be an absolute disgrace to the general public. It is a total waste of taxpayers' money. The witnesses have still not acknowledged the fact that they were completely misled and that all of this could have been avoided had the university carried out an independent evaluation on the site.

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Imelda Munster: Come on, now-----

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Imelda Munster: We talk about public limitation damage. For goodness sake, millions of euro of public money was squandered and the witnesses have not yet acknowledged that fact that they were misled.

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Imelda Munster: The university learned lessons from it to be more-----

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Imelda Munster: I should hope so.

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Imelda Munster: I can honestly say that I would not be overly confident given how long it took to get answers to the very straightforward questions my colleagues asked earlier. I would not be overly confident that the university has indeed learned a single thing from this. My final question is on the minutes of the board meeting. They do not refer to dissent from members. There were not many questions...

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