That’s Not A Write Down

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Laois County Council spent €4m on four parcels of land during the boom.

Where they planned to build public housing.

The money used to buy the land was borrowed from a state agency.

The debt has been written off and the council has now sold the land.

To another state agency.

For €4.

Somewhere in Laois a farmer is laughing his ass off.

€4 million Of Council Land Goes To Govt Agency For €4 (Leinster Express)

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