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Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Brian Stanley: The university does not even have a plan yet. We have figured that out. Is the amount likely to be in excess of €100 million?

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Brian Stanley: Surely Professor Mey has some notion.

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Brian Stanley: As Chair of the Committee of Public Accounts, I want to know something. Surely the university should at this point have some notion of what it will cost? Will the figure be beyond €50 million, €70 million or €100 million? Has the university figured out where the money for this will come from?

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Brian Stanley: With whom?

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Brian Stanley: Has anyone spoken to the mayor and other elected council members about this?

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Brian Stanley: Was that about how much this would cost?

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Brian Stanley: Is Professor Mey confident that the university will be able to get the money to upgrade the site? Who are the other partners? Let us face it – Limerick City and County Council is the sugar daddy, but I would not expect it to be. City Hall is not located at the end of a rainbow. Has the university other partners? From where else will the money for this come?

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Brian Stanley: The site is approximately only 0.31% of a hectare.

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Brian Stanley: This site was bought for more than the valuation, which the university eventually got and put its value at no more than €5 million. We are four years on, yet the university is not sure about who will partner with it and pony up the money, what amount will be required – even a ballpark figure – and whether the university will have enough for the upgrade. It is incredible...

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Brian Stanley: I know all of that.

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Brian Stanley: I have good news for Professor Mey on that front – there are signs in the latest figures that inflation is slowing down.

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Brian Stanley: I will leave it at that. That concludes our questioning.

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Brian Stanley: Is Deputy McAuliffe's question brief?

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Brian Stanley: I thought you had concluded, but you can come back in.

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Brian Stanley: Without naming names.

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Brian Stanley: I want to give Mr. Lemass an opportunity to respond from the Department's point of view, if he wishes.

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Brian Stanley: Please allow Mr. Lemass to continue.

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Brian Stanley: We will do a report on this matter. I thank Mr. Lemass for clarifying the Department's position and efforts made since. This discussion happened under the spectre of these matters being sub judiceand the fact there is business across at the river at the High Court, which is where papers have been lodged. I acknowledge that and I know it has presented difficulties for witnesses. It has also...

Public Accounts Committee: Business of Committee (18 May 2023)

Brian Stanley: The business proposed this afternoon is as follows: minutes, accounts, financial statements, correspondence, work programme and any other business. The first item of business is the minutes of the meeting of 11 May, which have been circulated to members. Do members wish to raise any matters regarding the minutes? Are the minutes agreed? Agreed. As usual, the minutes will be published...

Public Accounts Committee: Business of Committee (18 May 2023)

Brian Stanley: We are in that time of the year. Moving to correspondence, as previously agreed, items that were not flagged for discussion for this meeting will continue to be dealt with in accordance with the proposed actions that have been circulated, and decisions taken by the committee regarding correspondence are recorded in the minutes of the committee’s meetings and published on the...

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