Tough questions are expected to be asked over the €8m drop in the value of the City Council's new home at Crown Square.
Despite the €36m purchase being made in 2022, there's still a long way to go before staff actually make the move.
Valuations now show it's worth between €28m and €29m - and the full building still has to be fitted out at major extra cost.
Difficult questions will likely be asked when the matter is discussed in-depth at the July meeting of Galway City Council.
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It's not just about the cost - the local authority has long been accused of rushing through the purchase, in a secretive manner.
David Nevin has been speaking to Councillor Alan Cheevers about the latest update.
