Sunday 28 February 2010

Gormley gets third report on DDDA deal

A third report on the controversial deal in which the Dublin Docklands Development Authority (DDDA) bought the former Irish Glass Bottle site in Ringsend in Dublin has gone to government.

The DDDA has sent the report dealing with the purchase of the site for €400m to Environment Minister John Gormley.

Mr Gormley received two earlier independent consultants' reports on the deal and he has sent them on to the Attorney General for consideration before they can be published.

The fact that these two reports have not yet been published led to a political row last week when former Green senator Deirdre de Burca claimed Mr Gormley was delaying publication because they would embarrass Fianna Fail.

The latest report deals with the DDDA's involvement with joint venture partner Becbay -- which included developer Bernard McNamara and financier Derek Quinlan -- in the purchase of the Ringsend site. That decision resulted in €32m of taxpayers' money being pumped into the site.

Irish Independent

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