World News
West Kowloon arts hub deficit widens to HK$998m as operating costs rise
Key Points
The authority managing Hong Kong’s arts hub in West Kowloon recorded a wider deficit in the 2025-26 financial year but expects to generate more income next year by putting a residential development project out to tender. The West Kowloon Cultural District Authority’s deficit ballooned to HK$998 million (U$127 million) in the year to March 30, from HK$769 million in the same period a year earlier. The increase was mainly due to higher operating costs as it prepared to open the new WestK...
The authority managing Hong Kong’s arts hub in West Kowloon recorded a wider deficit in the 2025-26 financial year but expects to generate more income next year by putting a residential development project out to tender.
The West Kowloon Cultural District Authority’s deficit ballooned to HK$998 million (U$127 million) in the year to March 30, from HK$769 million in the same period a year earlier. The increase was mainly due to higher operating costs as it prepared to open the new WestK...