Land sales offer only temporary relief for West Kowloon arts hub, experts warn
Hong Kong’s West Kowloon Cultural District is betting on property development to ease its financial pressures amid a widening operating deficit, but experts have warned that land sales will only provide temporary relief and cannot replace a sustainable long-term funding model for the arts hub. The warning comes as the West Kowloon Cultural District Authority prepares to tender a prime residential…
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