State purchase of prison site for €29.9m was ‘too much’

SEVERAL questions were raised about why the Government paid over twice the market value for the site of a new prison in north Dublin last year.

State purchase of prison site for €29.9m was ‘too much’

The Comptroller and Auditor General, John Purcell claimed the site at Thornton Hall could have been bought “at a much lower price” than the €29.9m purchase price paid by the State.

The C&AG’s report explained the high purchase price was largely attributable to the decision to disclose the Government’s interest in acquiring a site for a prison, rather than to try and buy such a property through a confidential third party. As a result, the State was forced to pay a high premium.

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