Results 10,901-10,920 of 20,765 for speaker:Alan Kelly
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Alan Kelly: I understand. The knowledge that there are multiple bidders on a house will have an impact on the amount one is willing to pay. If nobody else was bidding on the IMI, surely that would have impacted on the bid of €21 million put forward?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Alan Kelly: I did not ask that. I do not know if there is a failure on my side or on Mr. Farrell's but I did not ask him to name anyone. I asked him to verify if he thought there were other third level institutions in the Dublin area bidding against his organisation for the IMI? It is a "Yes" or "No" answer. If it is "No", fine. Just tell us one way or the other.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Alan Kelly: I did not ask Mr. Farrell who they were but he understood there were other bidders. I asked him a very simple question so there is no point in one casting one's eyes to heaven. The alternative would have been to invest €21 million in the business school in Cork. I take an interest in UCC because I am a double graduate from there, I met my wife there and I made lots of friends there.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Alan Kelly: Thanks.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Alan Kelly: I got it. I was alarmed when the Forfás report some years ago claimed that the business school in UCC was the worst in the country, effectively, and that is why I am breaking it down. In terms of putting €21 million into the IMI, which is a basket case, or spending the money on building up the business school in Cork, why was the decision made not to put it into Cork?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Alan Kelly: I specifically ask the president of UCC to answer my question.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Alan Kelly: Why did UCC not build up the business school in Cork?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Alan Kelly: Addressing and building up the business school is the right thing to do.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Alan Kelly: I, as somebody who takes a keen interest in UCC, said so on the previous occasion on which the witnesses were here. I want to know, for the people of Cork, the people of the area, the people involved in the college and the staff - many of whom are brilliant individuals - why did UCC not decide to build up the school in Cork?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Alan Kelly: Can Professor O'Shea see how strange this looks to the people who work in UCC? Can he see how embarrassing the situation is for them? Can he see how they were underwhelmed, to say the least, at the decision not to invest the funding in the business school in Cork.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Alan Kelly: I know but there is a concern there. To me, it is incredible how much money has been spent on the premises at Lapp's Quay. I would not say that property management is UCC's strongest suit, to be honest. I have witnessed the evolution of UCC and I admire some of the stuff that has happened in respect of the campus. The latter is now very concise, to be fair, and it is unique in that....
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Alan Kelly: Absolutely none?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Alan Kelly: That is good to hear. Again, how much was paid by UCC to the IMI for the property?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Alan Kelly: Is it €21 million or €20 million?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Alan Kelly: How much was paid to individual shareholders of the IMI by UCC?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Alan Kelly: I am just clearing this up.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Alan Kelly: How much of the €20 million was used to repay the original loan from AIB to the IMI?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Alan Kelly: How much surplus was generated by the IMI because UCC purchased the property?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Alan Kelly: I ask that the president answer the following question. How much surplus was generated by the IMI on foot of UCC purchasing the property?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Alan Kelly: How much is left?