Among the more famous projects it was responsible for overseeing were the Spencer Dock development, the Point Village (which ran into financial difficulties and was taken over by NAMA), and the proposed U2 Tower (which was abandoned).
The decision followed the publication of a special report on the DDDA by the Comptroller and Auditor General, which contained "damning findings about the authority's conduct".
[5] The Minister for Environment Phil Hogan, who was responsible for the DDDA, said the Government remained fully committed to the continued regeneration of the Dublin Docklands.
[5] The authority was to remain in place for a transitional period of up to 18 months under a new board chaired by the then Dublin city manager John Tierney, later chief executive of Irish Water.
The PAC chairman, John McGuinness, stated that the committee wished to discuss Maloney's role in the risk assessment/risks which were identified and advised to the Board by the Executive; his involvement in the selection of Bernard McNamara as a joint venture partner; his involvement in deciding on the tender bid amount and his involvement in allowing Bernard McNamara latitude to increase the bid based on this expertise, and why Mr Maloney submitted a letter to the Department of the Environment citing a valuation of €220 million when, in reality, the Board was considering a bid of almost double that amount.