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Land sales offer only temporary relief for West Kowloon arts hub, experts warn
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…