Current location:Culture Craft news portal > opinions
HK's West Kowloon arts hub to run out of funds in 2025: CEO
Culture Craft news portal2024-05-21 08:04:13【opinions】3People have gathered around
IntroductionHong Kong’s West Kowloon Cultural District will use up its financial reserves next year, the h
Hong Kong’s West Kowloon Cultural District will use up its financial reserves next year, the head of the authority overseeing the arts hub has said as she urged the government to approve a plan designed to secure its financial sustainability.
Betty Fung, CEO of the West Kowloon Cultural District Authority (WKCDA), told local media outlets on Wednesday that the arts hub’s HK$21.6 billion funding endowed by the city’s legislature in 2008 will run out next year.
Fung said that the arts hub had recorded over 4 million visits in the 2022/23 year, in which the hub’s M+ Museum had drawn 2.7 million visitors. Meanwhile, the Hong Kong Palace Museum attracted 1.25 million guests, she said, adding that she was confident that the increase in special exhibitions would draw more visits this year.
The WKCDA proposed making “good use of its land resources” in a bid to shore up its finances last August. Details of the proposal – which has not been made public – are not known.
Fung said that the government had yet to reply to the proposal as authorities had been consulting with experts on the arts hub’s financial situation. But she urged the government to expedite the plan’s approval, citing the time required for setting up major art exhibitions in collaboration with international arts institutions.
She said that such exhibitions would normally require two to three years to prepare, and the uncertainty of the arts hub’s finances would hinder arrangements and contracts with other museums.
Fung added that the worst-case scenario would be to rely on bank loans to sustain the operations of the arts hub, which she described as “unheard of.”
Secretary for Cultures, Sports and Tourism Kevin Yeung on Wednesday said that authorities would continue to work with the WKCDA to address its financial situation.
“The government invested a great amount of recourses when the West Kowloon Cultural District was established, as well as offered assistance in its land [acquisition] and construction,” he told reporters in Cantonese. “We will continue to work with them to solve the problems.”
Address of this article:http://russia.soorot.com/html-10e599989.html
Very good!(5685)
Related articles
- Student fatally shot, suspect detained at Georgia's Kennesaw State University
- New Jersey Democrat Rep. Donald Payne Jr. dies at 65 after heart attack
- Blinken begins key China visit as tensions rise over new US foreign aid bill
- Crown Princess Victoria of Sweden is the image of glamour in a flowing white gown
- Travis Kelce downs whiskey shot on slice of bread at Kelce Jam without Taylor Swift
- How YOU can lower your council tax by challenging it
- Blinken begins key China visit as tensions rise over new US foreign aid bill
- The summer after Barbenheimer and the strikes, Hollywood charts a new course
- Kevin Pillar gets 1,000th career hit in Angels' win at Texas
- German leader says Europe must keep increasing aid to Ukraine after US approves new military help
Popular articles
Recommended
'Constantly learning' Imanaga off to impressive start with the Chicago Cubs
Josef Newgarden’s win in IndyCar’s season
Queen Letizia of Spain shines in a smart tweed dress as she joins King Felipe in Madrid
North Carolina legislators return to adjust the budget and consider other issues
Lynn Williams breaks NWSL goal
Queen Letizia of Spain shines in a smart tweed dress as she joins King Felipe in Madrid
New Jersey Democrat Rep. Donald Payne Jr. dies at 65 after heart attack
Married couple are charged with fraud after 'dine
Links
- A Ukrainian gymnast carried the Paris Olympic torch with an EU team, in a sign of support
- Bread loaves recalled in Japan after 'rat remains' were found
- Jay Blades is 'taking a break' from TV after shock marriage split and uncle's murder as his co
- Ministry of Defence is slammed over death of 'model son' soldier shot in back of the head on night
- In a secret lock
- Britain to expel Russian spy and strip Putin regime of several UK diplomatic buildings including 50
- The house we're buying has been downvalued by £40k: What should we do?
- Tory exodus gathers pace as ex
- Guns are being stolen from cars at triple the rate they were 10 years ago, a report finds
- Myanmar: Civilian casualties rise as resistance forces tighten noose around military