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Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: The sound was poor.

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: Can Deputy MacSharry put the question again, concisely?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: I will ask Professor Mey to answer that question. It is appropriate she answers it. Can a copy be supplied to the Committee of Public Accounts?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: Deputy Munster has four minutes.

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: I call Deputy Catherine Murphy.

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: That is fine. I call Deputy Colm Burke.

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: I have a couple of questions in the brief time that remains, and other members might raise their hand if they wish to contribute further. To return to the issue of the Dunnes Stores site, our guests might clarify something for us. Professor Mey will understand that, because of the technology, answers may not be as clear as they might be, through no fault of her own or anyone else. Could she...

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: Is Professor May aware that the consultant who handled that case for the university previously acted for the Dunnes Stores seller?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: Professor Mey is not aware of it. Has it ever been mentioned that the consultant may have been acting for the seller of the site previously?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: Prior to the purchase of the Dunnes Stores site, UL made a request to the HEA regarding the purchase of the Opera site, which was very much a landmark site, for the same purpose. Why was the plan changed so suddenly? The timeline was extraordinarily short. What happened there?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: At what stage is the development now? How far advanced is the university with the Dunnes Stores site? What is the timeline for bringing it into use?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: Part of it will be brought into use in September 2021.

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: I thank Professor Mey for that. I have a couple of questions on property-related matters. It was reported last year, as I recall, that UL pulled out of buying a Georgian house in Ranelagh, Dublin. It was valued at €5 million. I understand UL had paid a deposit but received it back. Is that correct?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: Am I correct that the chancellor may have advised against the purchase of the property because of how it would be perceived by the public? Is that correct?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: Has Ms Fogarty no idea whether the chancellor may have raised concerns about the public perception of the purchase and whether that was the reason the university pulled out of the sale?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: Is it the case that UL is still pursuing the purchase of property in Dublin and making inquiries about it?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: From what the president is saying, UL has basically given up on the purchase of properties in Dublin.

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: The Deputy should be brief.

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: We have gone over time.

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: Very brief.

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