Current location:Global Gateway news portal > health
HK's West Kowloon arts hub to run out of funds in 2025: CEO
Global Gateway news portal2024-05-09 08:56:34【health】9People 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://sainthelena.carpetcleaningepping.com/news-09d599981.html
Very good!(955)
Related articles
- Liaoning Helps Residents Improve Marital, Family Relations
- Rachael Blackmore to place in BOTH rides on Day 2 of Aintree boosted to 11/4
- ULTIMATE GRAND NATIONAL GUIDE: Mail Sport's expert gives his verdict on all 34 runners
- Aston Villa 2
- Helping Volunteers, Cadres Improve Ability to Protect Women, Children's Rights
- Immigration declines nearly half of study visa applications from India so far this year
- Tiger Woods heads out onto Augusta National course with Justin Thomas for another pre
- Lauren Sanchez turns heads with figure
- Shangrao Increases Efforts to Build Harmonious Communities
- Keanu Reeves' Good Fortune co
Popular articles
Recommended
Federation's Training Focuses on Protection of Women's Rights, Interests
'The wheels have come off!': Steve McManaman delivers scathing assessment of Liverpool's dismal 3
Man United promote 18
Anaheim residents voice concerns over Disneyland's proposed development plans
Organizations Work Together to Protect Women, Children's Rights, Interests
Ariana Grande showcases legs in floral mini dress as she holds hands with Wicked co
The Golden Bachelor couple Gerry Turner and Theresa Nist are getting a divorce
How DO you deal with a problem like Gary Lineker?
Links
- Scientists develop new AI model for weather forecasting
- 1st Chinese Language Day launched in Australian capital
- Megan Fox shows off new blue hair as she arrives to Coachella party in Daisy Dukes and sexy thigh
- 2023 in review: A fruitful year for China's manned space program
- New finds in China's Guizhou indicate prehistoric human activity over 55,000 years ago
- Tiger Woods hints at an end to bitter PGA
- Going bald gracefully! A
- China releases first pan
- Chinese police take back 130 gambling, scam suspects from Cambodia
- Tourism boom promotes revitalization of intangible cultural heritage