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Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Shane Cassells: Does Dr. Brady wish to clarify that with Mr. Creed or anyone else?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Shane Cassells: So there are ongoing discussions about managing the debt and a potential write-down of same.

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Shane Cassells: By virtue of the fact that there was a sale and the bank can see money coming in as a lump sum, there is the potential for a write-off on part of the debt.

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Shane Cassells: Chairman, I am not sure that I have got a straight answer from either witness. Either there was a scenario in which an offer of a write-off on the debt was placed on the table based on the fact that the IGB would get a lump sum for the facility or there was not.

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Shane Cassells: The Chairman is not on the board of the IGB, so he cannot. I am asking those who are on the board. I got----

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Shane Cassells: -----a play on words. When I asked Dr. Brady whether anything had been offered, he said, "Nothing was offered to me." People can draw conclusions in that respect.

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Shane Cassells: That is fine, but hang on one second - do not take that tone with me. It is important that questions be answered today. Let me remind the witnesses of something, given the seriousness of what is involved. People are watching these proceedings who are concerned for their sport. Many of them listened to "Drivetime" on RTE Radio 1 on Tuesday and would have been shocked by the fact that this...

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Shane Cassells: Maybe the question would be better posed to the Department of Education and Skills when it is before us. Let us discuss the circular. At our previous meeting, Dr. Brady and Mr. Gleeson referred to circular 17/2016, the process since 23 March and the interaction between the Departments on the purchase of the site. Would it be fair to say that the board had at the very least been hamstrung...

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Shane Cassells: What was the nature of the application?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Shane Cassells: Let me clarify. The planning officials were supporting an application in the pre-planning phase.

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Shane Cassells: It is normally called a strategic issues paper in the pre-development plan stage. Mr. Murnane is telling me that, at the strategic issues paper stage, council officials were supporting residential development on that site.

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Shane Cassells: Did the board make a formal application to the planners at that point?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Shane Cassells: As part of the city plan review.

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Shane Cassells: Mr. Murnane is telling me that it was rejected.

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Shane Cassells: Did the IGB explore any other alternative use for the site or seek-----

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Shane Cassells: Okay.

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Shane Cassells: Did the council members give an indication on an alternative use of the stadium? I am trying to get a sense of the process. Mr. Murnane has cited the FAI and GAA, as bodies with stadia to which Bord na gCon aspires. The FAI has recently concluded a deal on the north side, where Tolka Park FC has merged with Dalymount Park. Equally, this was challenging for the football clubs but by...

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Shane Cassells: What was the actual level of debt? One option had been ruled out but was it possible to explore other possibilities?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Shane Cassells: The interest of the Department of Education and Skills was a real bailout, given what was happening. In terms of the marketing strategy that was circulated to committee members, and Mr. Murnane has spoken about other stadia in regional towns when responding to Deputy Murphy, is it proposed to sell the tracks in Mullingar or other regional towns? Does Bord na gCon propose to become a niche...

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Shane Cassells: I have one more question. If I had spoken on the last occasion, I could have had all day to make my points.

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