Results 18,761-18,780 of 26,053 for speaker:Kieran O'Donnell

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Kieran O'Donnell: It is at a level at which in terms of just being interest only it is washing its face. It is not a burden on the organisation bar the fact that there is a massive debt hanging over in terms of capital repayments. Can the witnesses go back to the €8 million figure and set out the plan for reducing the debt burden in respect of Greenpark?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Kieran O'Donnell: It is in the Comptroller and Auditor General's report. The organisation has the old buildings on Henry Street.

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Kieran O'Donnell: It was €3.5 million for Henry Street and €1.5 million for Meelick.

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Kieran O'Donnell: As a matter of interest, how many acres are there at Meelick?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Kieran O'Donnell: Is it rented out?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Kieran O'Donnell: Is that for agricultural use?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Kieran O'Donnell: When one looks at it, that was the turn Bord na gCon took off the road and got lost for a while. The organisation should have gone straight to Greenpark. The head office was deemed to be worth €3.5 million. What is it currently valued at?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Kieran O'Donnell: We are talking about the potential to realise €1 million. A total of approximately €2.5 million has been realised.

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Kieran O'Donnell: I ask Mr. Murnane to tell me about the balance of €6.5 million. Can he give me a level at which Bord na gCon as an organisation will be in a position to be sustainable and to make capital repayments in respect of the Limerick greyhound track at Greenpark?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Kieran O'Donnell: Are the witnesses at liberty to say what assets will be involved?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Kieran O'Donnell: Could they realise that level of funding?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Kieran O'Donnell: I ask Mr. Meaney about the lessons that have been learned from what has happened. Ultimately, we are charged with asking about the public purse and taxpayers' money. What has Bord na gCon learned from what has happened and what measures has it taken to ensure it never happens again?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Kieran O'Donnell: What is the body's timescale for dealing with the €12.5 million overhang by way of disposals? When will Bord na gCon be in a position whereby the debt levels in Greenpark are at a sustainable level or, ideally, wiped out.

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Kieran O'Donnell: Over the next two years, a structure will be put in place. What does Bord na gCon anticipate it will do with the Meelick site?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Kieran O'Donnell: How many acres are there?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Kieran O'Donnell: How many acres is the Greenpark site?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Kieran O'Donnell: Who owns the parking area at Greenpark?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Kieran O'Donnell: Yes, the Meelick site. I know it as the Coonagh site. Locally, it is known as the Coonagh site. I am unsure whether it is in Coonagh or Meelick. I think it is in Coonagh but I am open to correction. Am I right?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Kieran O'Donnell: Let us call it the Meelick site. It seems extraordinary that the organisation bid at public auction without getting any preplanning from Clare County Council and without getting formal approval of the board. The organisation got a report produced which does not appear to have gone to the board. It stated that there were severe risks in terms of access to the site. Am I correct in what I say?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Kieran O'Donnell: That should not have happened. Side-by-side with that, there was a site at Greenpark that the organisation had identified some years before. It was valued at approximately €2.2 million. The site was available at that price. The organisation ended up paying €3.4 million for that site. That occurred in June 2006. The organisation did not nail things down. Clearly, proper...