The funding chain of the Hong Kong West Kowloon Cultural District Management Bureau will break in March 2025. It is reported that Western Kowloon submits a plan to sell residential projects. Hong Kong officials say this will explore different feasible plans.
According to Sing Tao Daily, Yang Runxiong, director of the Hong Kong Cultural and Sports and Sports Bureau, said in an inspection of the Hong Kong Science Museum on Wednesday (August 23) that the Western Kowloon Administration has operating and management responsibilities.Fiscal and operating costs, and keep in touch with the Authority to explore different feasible solutions.
Yang Runxiong said that if the Administration put forward suggestions to be approved by the Cultural and Sports Tourism Bureau, it will maintain communication.
Tang Yingnian, chairman of the board of directors of the West Kowloon on August 17, attended the event of the West Kowloon Cultural District event, and took the initiative to disclose to the media. In the past two years, the West Kowloon Cultural District Administration has tightened the expenditure and reduced the operating cost of 50%.The broken capital chain was delayed from the end of this year to March 2025.
Tang Yingnian described the cost of tightening the cost is like "blood flowing into a river".The project "grab the resources", but hopes to change the status quo by making good use of the land resources of West Kowloon.
