State loses cash windfall in swap for affordable homes

Purple said:
It was then sold off and again not a peep was heard.
Click to expand...
Just a minor correction: it was never sold. In fact looking at the most recent figures you could say that the Local Authority paid 3 Million for the developer to take it off them. They gave the site + 3M for notional discounts which will most likely have to be written off to zero value over time.

 
It still sits idle at the moment no doubt the new owners where waiting on the ideal time to develop (looks like the missed the boat there).
 

You're right; it would have been better if they sold it.
 
Affordable Housing, the scheme that keeps on giving - to Developers.

http://www.independent.ie/national-news/courts/state-to-pay-32m-over-failed-site-deal-3160348.html


As per the details discussed earlier in this thread the state didn't get 215 houses for 35.4M, it got a notional 30% discount. This would equate to an average price of 548,837 euros per unit. These would have been mostly 2/3 apartments, duplex and terraces.
 

So the Gardai failed to move out as they were obliged to and you're blaming the developer for taking this to court? Why not focus on why the Gardai didn't move out and who in particular in the Gardai allowed this to happen? Surely that's where the blame lies??
 
you got to love it....developers have played a major part in bankrupting this country, they're hiding assets and playing hard to catch with NAMA, they owe 10's of billions etc etc

and this state has actually somehow managed to lose a case to 1 of them ( i thought they were all bust) and the taxpayer is caught for millions

how in the name of all that is holy did this happen....and who's going to lose their jobs/pensions over it
 

Perhaps the answer to your first question can be answered by the fact that the answer to your seconds question is No-one
 
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