Results 4,721-4,740 of 20,057 for speaker:Brian Stanley
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: Mr. Stewart is charged with disposing of an asset on behalf of the taxpayer - an asset on which taxpayer has already taken a serious hit and that caused a crisis in this country. It is now being sold for a fraction of what it would normally be worth if the words "intimidation" and "threats" were removed from the equation.
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: I am not.
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: I am not oversimplifying it. I am setting out the facts we established here today.
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: Is Mr. Stewart telling me that there was no individual in this State who would have given €520,000 for it - who would have given double that?
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: Because of intimidation and threats, the sale price was hanging over. That is why.
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: I accept that it is a difficult one. I said that at the start. I can see that NAMA had a limited number of tools but what is infuriating is the fact that this was allowed to happen. In normal circumstances, these assets would have made multiples of that. I understand that NAMA had some tools as did the liquidator, An Garda Síochána and the local authority but between everybody,...
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: I will tell Mr. McDonagh what it was. What was allowed happen here was a national scandal. That is all I will say about it.
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: I want to ask about commercial housing developments and commercial developments generally. There is one sector remaining in the docklands. As has been said, a decision is required by Waterways Ireland. This requires North-South co-operation and the assembly in the North to be up and running. This is my understanding of it. With regard to the Poolbeg site, a development consortium...
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: Did NAMA incur any loss on the 20% shareholding of the company that owns that strategic development zone? Was any loss incurred?
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: Yes.
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: How much of a loss?
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: A loss of €10 million, okay. What caused the change of approach in respect of the holding of that 20%?
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: Construction costs have gone up across the board.
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: Someone building a one-off house is caught by those increases. How many social and affordable units does that site have?
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: What percentage has been bought?
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: Only 4% is affordable housing.
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: The social housing must be delivered.
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: Has Mr. McDonagh any notion of the average price per unit?
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: Would they cost €400,000 each?
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: That would be the cost for a one-bedroom unit.