Key facts
- The West Kowloon Cultural District Authority's deficit widened to HK$998 million in the 2025-26 financial year.
- The deficit increased from HK$769 million in the previous year.
- Higher operating costs were the primary driver of the increased deficit.
- The authority plans to tender a residential development project to boost income.
The authority managing Hong Kong’s arts hub in West Kowloon recorded a wider deficit in the 2025-26 financial year but expects to generate more income next year by putting a residential development project out to tender. The West Kowloon Cultural District Authority’s deficit ballooned to HK$998 million (U$127 million) in the year to March 30, from HK$769 million in the same period a year earlier. The increase was mainly due to higher operating costs as it prepared to open the new WestK...