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Bono in the Dáil? TDs to probe 'inappropriate' property deal with U2

“In that area, €450,000 wouldn’t be worth a semi-detached residence.”

Image: Doug Peters/EMPICS Entertainment

THE DUBLIN DOCKLANDS Authority’s sale of the Hanover Quay site to U2 was dubbed “questionable” at the Dáil Public Accounts Committee today.

The DDDA , in one of its final acts before being wound down, has agreed to sell the property to U2 for €450,000.

Labour TD Joe Costello, however, took aim at the deal and urged that the Authority be called before the PAC to explain what he called a “questionable” sale.

At this point in time it hardly seems appropriate that the Authority should be disposing of property…in what seems to be a questionable manner, for €450,000.Which in that area wouldn’t be worth a semi-detached residence.

costello Source: Oireachtas.ie

The Dublin Central deputy said the Hanover Quay site was a “very valuable property”, and shouldn’t have been sold “without being advertised publically.”

Committee chairman John McGuinness agreed to write to the DDDA and arrange a hearing, if necessary.

Costello was keen to questions members of the Authority urgently, before it “goes out of existence.”

Read: U2 are buying 16 Hanover Quay for €450,000 from Dublin Docklands Development Authority>

About the author:

Dan MacGuill

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