Hong Kong lawmakers fail to agree on HK$5.4 billion bailout for Ocean Park, blaming government’s failure to produce rescue plan
- Legislators still have reservations about the planned financial package for the 43-year-old park, after a debate on Friday ended without a vote
- They say it was a tough decision to make without a concrete plan to convince them the park’s financial troubles could be turned around
Legislators continued to express their reservations over the proposed financial package for the struggling 43-year-old park after a debate on Friday ended without a vote.
Appealing for their support for the bailout, Secretary for Commerce and Economic Development Edward Yau Tang-wah vowed to consider all viable options to keep the home-grown park sustainable in the long run.
He said forming a partnership with neighbouring areas to generate income was one such option, along with allowing it to develop property and attract other forms of investment through legal amendments.
“Ocean Park needs to reposition itself. We’re still adamant that Ocean Park can survive on its own but it needs to overcome the present financial crisis first,” he told a Legislative Council Finance Committee meeting.
