Politics

University of Limerick bosses have ‘no regrets’ over €8.3m site purchase without valuation

“All I’m hearing is an arse-covering exercise,” PAC member Verona Murphy said.

Independent TD Verona Murphy: Accused UL bosses of “arse-covering” exercise at PAC meeting

University of Limerick (UL) bosses have “no regrets” in relation to the €8.3 million purchase of a city-centre location, which was completed in 2019 without a formal valuation, TDs have been told.

The Public Accounts Committee heard that the site, which was an old Dunnes Stores building, was valued at €3.5m in 2017.

UL has spent a further €890,000 on the site since its purchase.

Appearing before the committee, UL president Professor Kerstin Mey ...