UL president Prof Kerstin Mey has been on sick leave since March. She has signalled she cannot go before the PAC because she is incapacitated. Photograph: Sean Curtin/True Mediaof the Dáil public accounts committee . At issue is a botched student housing project in which the institution overpaid €5.2 million for 20 homes, a deal that has raised serious questions over the future of UL president Prof Kerstin Mey.
For the university, these reports make grim reading. In the unforgiving atmosphere of the PAC bear pit, university leaders now face something akin to a mauling. “A feature of the valuation advice provided by both firms was that value was assessed based on price per bed space in respect of 80 bed spaces
Arrangements for the purchase price — which described the price in terms of asset cost and rent — were “somewhat unusual and potentially misleading”, the report notes.
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