The vice-chairman of the West Kowloon Cultural District Authority in Hong Kong suggested utilizing private sector funds for constructing cultural facilities to alleviate financial stress. In an interview, Bernard Chan highlighted cost-cutting measures leading to staff turnover and delays in responding to venue-hire requests.
The hub’s M+ museum will host a fundraising gala dinner to support its operations amid a funding crisis. The HK$21.6 billion endowment is set to run out in June, potentially leading to reduced operational days at facilities. Despite plans to sell flats for financial stability, immediate cash flow is needed for operational needs.
Chan emphasized the importance of addressing current financial challenges and maintaining cultural offerings in the district. With uncertainties looming over funding sources, creative solutions like private sector partnerships and fundraising events are essential for the sustainability of Hong Kong’s arts hub.