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Results 621-640 of 1,073,944 for in 'Dáil debates' OR in 'Committee meetings' (speaker:Rory O'Hanlon OR speaker:Violet-Anne Wynne OR speaker:Éamon Ó Cuív OR speaker:Mairead Farrell OR speaker:James Lawless OR speaker:Brian Stanley OR speaker:Imelda Munster OR speaker:Jennifer Murnane O'Connor OR speaker:Pa Daly OR speaker:Frank Feighan OR speaker:Helen McEntee OR speaker:Bernard Durkan)

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: That is all right.

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: I have one more question. The witnesses have dealt with the issue of management companies and the CPO powers. In its design, the LDA has to operate according to what has been ordained by the Oireachtas and the Government. At the start, a lot of people thought the agency would just be a land development agency to ready land for development. Mr. Coleman said in the past few minutes that the...

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: Directly under the LDA? Is it not through Project Tosaigh?

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: I have a final question for Mr. Coleman. With regard to pounds, shillings and pence, at the moment there is a loss. Mr. Coleman explained why. When does Mr. Coleman hope that the LDA will have reasonably significant income? It has obviously done projections for the next five years. How does Mr. Coleman see it working out? I do not expect him to give me exact figures but I just wish to...

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: I understand that.

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: By 2028.

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: Costs have to be taken out of that, including management company costs and interest repayments. However, the remaining portion would allow for significant investment.

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: With regard to financing, the LDA had the €1.25 billion and was hoping to get €2.5 billion from last year’s budget. Maybe the LDA was not hoping for it but many others were. It did not happen. Do I recall that the Minister announced €2.5 billion on budget day? Maybe Ms Behan or Mr. O’Sullivan could help me with that. Was there an announcement on budget...

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: On the same day.

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: That was announced in December last year. Is that correct?

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: Okay.

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: Please.

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: All of it?

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: Maybe that would be useful. People watching will say there has been a lot of back-and-forward on it here this morning and that they are still confused as to whether the money is on the balance sheet.

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: That would be useful. Essentially, all €6.25 billion is on balance sheet.

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: Is it the same company for all of them or has the LDA a number-----

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: What kind of percentage annual increase is Mr. Coleman talking about?

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: I have been trying to prompt Mr. Coleman about Portlaoise. Has the LDA looked at it? Yes or no?

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: At what point does Mr. Coleman envisage there will be a substantial ability to reinvest? Does he see it kicking in within maybe six or seven years? Obviously, it will or should ramp up.

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: It does not affect it but it is still technically accounted for on the balance sheet. All €6.25 billion is on the State balance sheet. That is good to finish on - total clarification. This is the first outing here of the witnesses and staff of the LDA. I thank them and the officials of the Department of housing for their work in preparing for today’s meeting and the...

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