Seanad debates

Wednesday, 28 June 2006

National Sports Campus Development Authority Bill 2006: Committee Stage.

 

7:00 pm

Photo of Brendan RyanBrendan Ryan (Labour)

I have a couple of questions for the Minister. I may have missed this matter, although I looked through the definitions. Subsection (2) states that the authority may develop and provide on the site such facilities and services of a commercial nature. As there are now so many definitions of commercial, what does that mean? Does it mean that the revenue must exceed the outgoings on an annual basis? Must the authority consider the capital cost and the need to fund capital costing in a discounted fashion, or what? Deciding that something is commercial is not quite as easy as putting two words in a Bill because one must decide whether one will include the capital cost of the project and if one does not, it is effectively running costs that one is paying for. It is probably a pity that there is not a definition of "commercial" in the Bill. Although I have a couple of other questions, they are not connected with this one. I wish to know the Minister's view of what is meant by the term "commercial nature".

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