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Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority: Annual Report and Financial Statements
(26 Mar 2015)

Joe Costello: Was the property leased to them?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority: Annual Report and Financial Statements
(26 Mar 2015)

Joe Costello: I presume the property was subject to CPO not from U2 but from the owner.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority: Annual Report and Financial Statements
(26 Mar 2015)

Joe Costello: I am confused now. Was the property about which we are speaking subject to CPO or not?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority: Annual Report and Financial Statements
(26 Mar 2015)

Joe Costello: The authority acquired the property in 2004 through CPO for the purpose of knocking it down.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority: Annual Report and Financial Statements
(26 Mar 2015)

Joe Costello: We are speaking about a property located on the waterside on Hanover Quay.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority: Annual Report and Financial Statements
(26 Mar 2015)

Joe Costello: From who did the authority acquire it?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority: Annual Report and Financial Statements
(26 Mar 2015)

Joe Costello: From Harry Crosbie and not U2?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority: Annual Report and Financial Statements
(26 Mar 2015)

Joe Costello: Would it not have been reasonable then to ask the person from who it was acquired by way of CPO if he wanted to purchase it?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority: Annual Report and Financial Statements
(26 Mar 2015)

Joe Costello: Is Mr. Crawley suggesting that U2 was in situat the time the property was acquired under CPO?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority: Annual Report and Financial Statements
(26 Mar 2015)

Joe Costello: Is Mr. Crawley sure that U2 had a lease on the property at that time?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority: Annual Report and Financial Statements
(26 Mar 2015)

Joe Costello: Can Mr. Crawley stand over that?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority: Annual Report and Financial Statements
(26 Mar 2015)

Joe Costello: As I understand it, at that time U2 were the owners of No. 18 and their lease on No. 16 had expired.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority: Annual Report and Financial Statements
(26 Mar 2015)

Joe Costello: If that is the case they were, presumably, squatters.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority: Annual Report and Financial Statements
(26 Mar 2015)

Joe Costello: They either had the property under lease or they did not.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority: Annual Report and Financial Statements
(26 Mar 2015)

Joe Costello: Why did the authority offer, in an improper procurement fashion, an option to purchase to people whose lease had expired when it had not in the first instance offered it to the person from whom the property had originally been acquired under CPO?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority: Annual Report and Financial Statements
(26 Mar 2015)

Joe Costello: I am sure everyone around the table here would love to buy that property, which must be worth nearly €5 million at present. It is the site which is valuable and not the piece of property itself, which is an old warehouse. However, no one had the option. It was not public knowledge. No one was offered it. For some reason it was decided that this particular band should be offered it...

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority: Annual Report and Financial Statements
(26 Mar 2015)

Joe Costello: How else was it done? No one knew about it.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority: Annual Report and Financial Statements
(26 Mar 2015)

Joe Costello: It is very difficult to agree with Mr. Crawley on the basis that it is obviously not the property per sebut the development value of the property and the location of the site which is important. Mr. Crawley was not even aware that the lease had expired. It seems to me that this deal was of a type which we have been very critical of the Dublin Docklands Development Authority for having...

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority: Annual Report and Financial Statements
(26 Mar 2015)

Joe Costello: That raises a further question. Why did it take place? Why did the work take place in 2013 and continue in 2014? Mr. Crawley says that it was just completed recently.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority: Annual Report and Financial Statements
(26 Mar 2015)

Joe Costello: When exactly was the deal done and the final signing of contracts?

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