Letters | Hong Kong’s West Kowloon Cultural District deficit is an investment opportunity, not a loss
- Readers discuss recognising the long-term economic and social benefits of cultural funding, and how to increase enjoyment of museum free days
Museums and cultural institutions are cornerstones of societal enrichment. They also yield substantial economic returns. The American Alliance of Museums has found that for every US$100 of value-added output created by museums, an additional US$220 of value added is created in other sectors of the US economy.
Despite seeming substantial, the HK$718 million gap amounts to just about 0.1 per cent of Hong Kong’s government spending. Yet this small percentage represents a significant opportunity for the government to invest in cultural funding, unlocking further potential for long-term societal and economic benefits.
The emerging economic impact of these centres on Hong Kong highlights the need for a new study – building upon a 2007 assessment by the Financial Secretary’s Office of the cultural district’s economic impact – to support further investment decisions.
The traditional laissez-faire policy, while historically successful in other sectors, does not suffice for the unique needs of non-profit cultural entities. Museums cannot rely on alumni networks or market-driven funding. A financial model overhaul is necessary, one that recognises the public value of these institutions and their historical underfunding in a market-dominated economy.
The West Kowloon Cultural District’s fiscal challenges reflect a systemic cultural financing issue, presenting the Hong Kong government with an occasion to recalibrate its cultural stewardship. Investment in the district and its institutions will be a strategic move to enhance Hong Kong’s cultural and economic stature on the world stage. It calls for a forward-thinking, sustainable funding model that acknowledges the intrinsic value of these institutions, in rejuvenating Hong Kong’s status as a cosmopolitan hub.
Gilbert Choy, director, Cloud House, and adjunct research fellow, Institute of Economics, Chinese Academy of Social Sciences
Museums should plan better free entry days
It was bustling with people enjoying a picnic or watching a free concert in the park. I couldn’t help but feel sorry for those who preferred to queue for what I guessed to be around two hours, rather than enjoy the day out in the Art Park.
In hindsight, the museum could have extended its opening hours, say, until 10pm. This would have provided visitors with more flexibility to enjoy both the museum and the outdoor activities.
During my visit, I noticed a lot of tourists from mainland China. It’s evident that the West Kowloon Cultural District and its attractions have a strong appeal to visitors from outside Hong Kong.
Ilnur Minakhmetov, Jordan