Ruth Coppinger (Dublin West, Solidarity)
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97. To ask the Minister for Education and Skills if his Department received a valuation report for the Harold's Cross greyhound stadium site prior to purchasing it; if the amount paid matches the valuation; and if he will make a statement on the matter. [25057/17]

Richard Bruton (Dublin Bay North, Fine Gael)
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No payment has been made by my Department to Bord na gCon at this point.

The current status is that a formal offer of €23million has been made, and accepted by Bord na gCon. The matter is subject to contract and the acquisition will be subject to the satisfactory completion of the conveyancing process.

The sale is subject to the  approvals required from the Minister for Agriculture Food and the Marine, and the Minister for Public Expenditure and Reform.

A valuation report was compiled by the Valuation Office in accordance with the RICS Valuation – Professional Standards (‘The Red Book’, effective January 2014) and the International Valuation Standards as issued by the International Valuation Standards Council.

The market value of the property set out in the report was €23 million.