立場新聞 Stand News

TST Waterfront 5: How about the money?

2015/8/28 — 9:00

圖片來源:
http://www.skyscrapercity.com/showthread.php?t=968784

圖片來源:
http://www.skyscrapercity.com/showthread.php?t=968784

New World Development (NWD) hopes to complete the redevelopment of New World Centre on the Tsimshatsui waterfront in 2016/17. It will be a 3 million square foot commercial, retail and hotel property with a 63 floor tower dominating the sky-line. More information on this project in Chinese media

Like any other developer, they are keen to make sure the surrounding environment looks nice. Fixing it up is small change compared with the costs of redeveloping the New World Centre.

NWD is pushing for an extension of the entrustment agreement – whereby LCSD entrusts the management of the waterfront for HK$1 to NWD – to Hung Hom, and for a term of 20 years.

廣告

The agreement would formally be signed with a ‘not-for-profit’ subsidiary of NWD. This company would earn income from Food & Beverage, Events & Promotions and Advertisements. It would spend money on: Programming, Marketing, Maintenance, and Repairs. Although NWD would have a monopoly over the waterfront, they are expected to listen to advice from an oversight committee chaired by the LCSD. The public has yet to see the draft for the entrustment agreement, and the management agreement with LCSD.

廣告

It is obvious that this arrangement will continue the unhappy tug of war between NWD and LCSD. However they both sugar coat the deal today, the conflict is inherent. Both are neighbouring landlords. NWD has put up the money and wants to control the events, promotions and advertising to their benefit: People spending money in the New World Centre. They will also want to minimize the expenses on repairs and maintenance. A problem which has hampered the Tsimshatsui waterfront since the Avenue of Stars was entrusted to NWD.

The public has not been consulted on the management of the waterfront in TST. I urge the public to make sure drafts for the entrustment and management agreements are made public. The issue will be discussed at the Kowloon Taskforce meeting of the Harbourfront Commission on 1 September 2015. The public should send their views to the Chairman and Members via [email protected].

發表意見