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Seanad: Planning Issues (6 Jul 2011)

Colm Burke: ...must provide a separate piece of land to the local authority. The problem that has arisen is that a property that is developed and fully finished is mortgaged with a bank which is not part of NAMA and the land that was offered to the local authorities is mortgaged with a different bank. The problem now is that the bank that has the separate piece of land is not prepared to surrender it...

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