The managing authority for Hong Kong’s arts hub is contending with deepening financial woes and weakened local spending, with its revenue in the 2024-25 financial year contracting by 18 per cent and its operating deficit ballooning to HK$769 million (US$98.5 million).
According to a legislative paper released on Wednesday, the West Kowloon Cultural District Authority’s revenue for the 12-month period ending in March was HK$871 million, an 18 per cent decline from a year earlier.
The report,…
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