Irish Glass Bottle site report criticised by ex-chief of authority
DDDA’s Lar Bradshaw writes to committee alleging ‘balanced perspective’ not taken
Former DDDA chairman Lar Bradshaw (left), pictured with CEO Peter Coyne, objects to the amount of time the PAC took to complete its report. Photograph: Brenda Fitzsimons
Lar Bradshaw has written to the committee alleging it has not taken a “balanced perspective” on the purchase of the Irish Glass Bottle site.
The site, bought in 2006 as part of a joint venture, resulted in the eventual loss to the DDDA of €52 million.
Mr Bradshaw also objects to the 3½ years the PAC took to complete its report.
Mr Bradshaw has said it must stress the State did not make a loss, being on both sides of the transaction. The PAC is to meet today to discuss the correspondence.
The Irish Glass Bottle site in Ringsend was bought in 2006 for €412 million by a consortium that included the DDDA.