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Sunday, November 22, 2009 12:44 AM

Published 11/04/2009 by Sunday Tribune Ireland


DDDA in the dock again

Dublin Docklands Development Authority board was given a detailed report on the collapse in the value of its property interests as long ago as last June. Neil Callanan reports

Paul Maloney

Lar Bradshaw

The DDDA bought the 'Jeanie Johnston' in 2005 for a reported €2.7m

The board...

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Quotes

...it reported that "every discretionary expense has been reduced, but to achieve a break-even, further cancellation or deferral of projects would have to be considered" . The DDDA has refused...
...those projects; "however, in most cases there would be risk associated with the deferral or delay of the projects which had to be considered"
"The issue arises as a result of the authority's inability (because of financial difficulties) to provide funding for the Community Development Projects Initiative" minutes from the meeting...

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