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Hong Kong trade pours cold water on debt-ridden Ocean Park's planned resort makeover


/ Posted on 25 January, 2021 11:37
Tour agents in Hong Kong have cast a shadow of doubt over the financial viability of the government’s multi-million-dollar plan to transform the cash-strapped Ocean Park into an entry-free, adventure-themed resort destination within the next two to three years.
The fate of the city’s iconic theme park was decided after the government and Ocean Park Corporation completed a rethink exercise to chart the way forward for the park.
The government has committed US$36.1 million into remaking Ocean Park into a resort destination focusing on education and conservation
Under the plan, a new non-ticketed retail, dining, and entertainment (RDE) zone is to be created at the lower park area, which will be managed by a private developer under a long-term concession agreement. The RDE zone will house public spaces to host open-air markets and events, a children’s playground and water play area. Conservation and education-related facilities ....

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