Results 561-580 of 7,975 for speaker:Joe Higgins
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Joe Higgins: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Joe Higgins: The point, Mr. Mulryan, is-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Joe Higgins: -----would it be normal for ... or would it be appropriate, for someone from a major-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Joe Higgins: No. But just in terms of the interaction between the local authority and the developers, the banking sector, etc., would it be normal for developers, or appropriate to meet with a councillor-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Joe Higgins: -----to discuss details, and then the councillor brings their proposal into the local authority in the interest of the developer. Do you think that's appropriate, or was it normal?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Joe Higgins: Yes. Just to move on quickly then. Then, Mr. Mulryan, in that site or any site, by any developer, when these problems are resolved for the developer and the planning permission is achieved, the price of the land would increase exponentially, would that be correct?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Joe Higgins: In the period of the bubble that this inquiry is trying to look into, would the price of a site like that increase manyfold?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Joe Higgins: I understand that, Mr. Mulryan, but in the Ireland of 2002 and 2003, if a site like that was purchased for, let's say, €20 million or €25 million, planning permission for 1,500 houses was secured, planning issues were resolved, would the price of that land then increase exponentially?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Joe Higgins: By ... could you put a factor on it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Joe Higgins: Any rough-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Joe Higgins: Okay. Well-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Joe Higgins: I'll just put ... to finish the line. Just, I don't know, and unless you want to tell me how much you paid and then when you sold the land on to other developers, how much you-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Joe Higgins: You couldn't. Well, let's say for the sake of argument that ... and this is just for the sake of trying to illustrate a point in relation to housing particularly, that it went from €20 million to €100 million. That would mean that the price of a site, of the 1,500 homes, would go from €13,000 to €66,000. Do you think, Mr. Mulryan, as a major developer, that it's...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Joe Higgins: Okay. But-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Joe Higgins: Sorry, Chairman, sorry, Chairman-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Joe Higgins: I think this is completely out of order, with respect.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Joe Higgins: You stopped me from asking Mr. Mulryan questions that I believe were very pertinent to try to explore the whole bubble and-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Joe Higgins: -----crisis and role of developers and banks and now you are allowing the witness to read a statement in relation to-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Joe Higgins: -----an issue over in Europe?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Joe Higgins: Can we ask questions on it then?