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Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
University of Limerick Financial Report 2020
(12 May 2022)

Brian Stanley: We have gone over time. A number of members want to speak.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
University of Limerick Financial Report 2020
(12 May 2022)

Brian Stanley: Deputy Munster is next and has ten minutes. I will remind her when she has two minutes remaining because she is online.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
University of Limerick Financial Report 2020
(12 May 2022)

Brian Stanley: I thank the president for that clarification.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
University of Limerick Financial Report 2020
(12 May 2022)

Brian Stanley: I thank Ms Harney for that clarification.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
University of Limerick Financial Report 2020
(12 May 2022)

Brian Stanley: As regards the Dunnes Stores site up the river, Ms Harney mentioned that the university was interested in the Dunnes Stores site long before 5 April 2019. Are there records of that interest? Is it recorded in the minutes of meetings or anything like that that the university had an interest in the Dunnes Stores site stretching back over a period of one, two or three years? I am seeking a...

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
University of Limerick Financial Report 2020
(12 May 2022)

Brian Stanley: As was referenced, Ms Harney has vast experience as a former Minister for Health and Children and having held various other roles and I do not question that in the context of her competence. Was she ever a member of a county council?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
University of Limerick Financial Report 2020
(12 May 2022)

Brian Stanley: She mentioned that the county council had a valuation.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
University of Limerick Financial Report 2020
(12 May 2022)

Brian Stanley: A county council will get a valuation for a derelict site such as that. It is obliged to get a valuation, even for sites that are far less valuable than this one. The University of Limerick, however, did not have a valuation of the site.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
University of Limerick Financial Report 2020
(12 May 2022)

Brian Stanley: There is no evidence.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
University of Limerick Financial Report 2020
(12 May 2022)

Brian Stanley: Am I correct in saying that a former person who held a consultancy role for the university told the university that this was the price, and that person negotiated solely with Dunnes Stores. I ask Professor Mey to confirm whether that is the situation. I am seeking a "Yes" or "No" answer. That person who was a consultant working on behalf of the university did the fixing on this and went to...

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
University of Limerick Financial Report 2020
(12 May 2022)

Brian Stanley: I am asking Professor Mey a question. The person who worked as a former consultant for the university was the person who was doing the business with Dunnes Stores and came back to the university with that price; is that correct? Professor Mey was on the executive of the university while this was happening; is that right?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
University of Limerick Financial Report 2020
(12 May 2022)

Brian Stanley: Professor Mey was on the executive. Thank you. What is the approximate full cost of developing the site to bring it to what the university wants it to be? Is it in the region of €20 million or €200 million?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
University of Limerick Financial Report 2020
(12 May 2022)

Brian Stanley: How much does the university have to spend on the master plan?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
University of Limerick Financial Report 2020
(12 May 2022)

Brian Stanley: How much is the university hoping to spend on it? If I was going to build a house, I would have a price range in terms of what I was going to spend and what I could spend. I ask Professor Mey to provide a range. Are we talking about a figure between €10 million and €50 million or between €50 million and €150 million?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
University of Limerick Financial Report 2020
(12 May 2022)

Brian Stanley: I know that.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
University of Limerick Financial Report 2020
(12 May 2022)

Brian Stanley: So is it €50 million to €150 million?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
University of Limerick Financial Report 2020
(12 May 2022)

Brian Stanley: Okay. I ask Mr. Butler how much has been spent on the site to date.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
University of Limerick Financial Report 2020
(12 May 2022)

Brian Stanley: I asked the question of Mr. Butler. He is the finance officer.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
University of Limerick Financial Report 2020
(12 May 2022)

Brian Stanley: That is on top of the purchase price.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
University of Limerick Financial Report 2020
(12 May 2022)

Brian Stanley: Can Mr. Butler answer my question in respect of the price range in terms of the cost of fully repurposing this building and the site? Is there a range of costs? I do not expect Mr. Butler to give the cost. He could not do so.

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