The Public Accounts Committee has written to Lar Bradshaw, the former chairman of the Dublin Docklands Development Authority, clarifying parts of its report on the controversy surrounding the Irish Glass Bottle site.
The site was bought by the DDDA, a State body, and a consortium including developer Bernard McNamara for €412m in 2006.
But following the property crash it was valued at €45m in 2011. Controversy about the transaction was investigated by the PAC.
In the letter the committee said its position was that the State did not make a loss on the transaction because the Dublin Port Company, which benefited from some of the proceeds of the sale, received more for the site than was lost by the DDDA.
The letter sent to Mr Bradshaw on 2 February said the committee accepted that the DDDA did not try to mislead the Minister for the Environment about the purchase of the Irish Glass Bottle site.
Instead it said it accepted there had been a "mistake" by a member of staff.
However, the committee said it did not believe there was a lack of balance in its report into the Irish Glass Bottle site.
The committee said that the three-and-a-half-year time lag between hearing evidence and issuing its report "was not good practice" but added this was caused by a change in the committee's membership.
The letter was in response to correspondence from Mr Bradshaw sent last December in which he criticised the report by the committee.
Mr Bradshaw wrote to the committee and said its report failed the "basic test of natural justice" and called for the report to be withdrawn.
He said the report failed to put the Irish Glass Bottle site transaction into the context of economic regeneration of the Docklands achieved by the DDDA.
The committee has included Mr Bradshaw's opening and closing statements and his letter as part of its final report.
