Results 441-460 of 1,083,708 for in 'Dáil debates' OR in 'Committee meetings' (speaker:Seán Ó Fearghaíl OR speaker:Rose Conway-Walsh OR speaker:Cathal Crowe OR speaker:Paul Donnelly OR speaker:Martin Heydon OR speaker:Mairead Farrell OR speaker:Joe O'Brien OR speaker:Bríd Smith OR speaker:Dessie Ellis OR speaker:Marc MacSharry OR speaker:Alan Kelly OR speaker:Pat Buckley OR speaker:Paul McAuliffe OR speaker:David Cullinane OR speaker:Donnchadh Ó Laoghaire OR speaker:James O'Connor OR speaker:Mary Butler)
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: I am sorry about that now. I just was trying to get-----
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: Of course.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: And profit..
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: Surely profit as well.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: No. My question is more that it seems it is totally reliant now on State subsidies and State investment and that there is not that kind of commercial aspect, whether it be borrowing or profits being reinvested, and that it is solely done on a State investment.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: Fully, yes.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: I totally get that is what it says on the tin but the point that I am trying to make is that they would not be commercially viable without the State subsidies, which are significant. For example, last year the agency said that €5.7 billion was needed in capitalisation. At this moment in time all the capitalisation is coming either from the ISIF or the AIB shares sale. When the LDA...
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: It is operating at a loss.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: Did the loss not increase over the past two years?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: I understand that profit is not the agency's main motive. It is in my head the fact that we have identified that its funding is off-balance sheet, it is reliant on State subsidies and that we do not have a date in terms of being sure when it will be able to borrow. That raises a bit of a flag here because all the agency's capitalisation realistically is coming from State sources. It seems...
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: Then why is it commercial?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: They probably had profits at some point or are operating at losses and increasing losses.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: I thank the officials.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: I have a few fairly straightforward questions. We identified that the cost of the average unit in Shanganagh Castle is €409,000. The average cost of those purchased from Cairn Homes in Citywest is €435,000. What is the price per square metre for each such purchase? Can Mr. Coleman deal with Shanganagh first because I have it arranged that way in my notes?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: I am just trying to get the information.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: Some €4,210, okay.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: If those figures can be brought back to the committee, that would be ideal. The Chair may have potentially already asked this but for the Shanganagh properties, what are the rents for the one-bedroom, two-bedroom and three-bedroom properties?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: That is €1,690.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: I got confused there. The one-bedroom unit rent is €1,250 and the three-bedroom units cost €1,700. What, then, is the rent for the two-bedroom units?