All posts tagged: M+ Museum

Hong Kong’s West Kowloon District May Soon Run out of Funding

Hong Kong’s West Kowloon District May Soon Run out of Funding

The West Kowloon Cultural District Authority (WKCDA), an arts hub in Hong Kong which operates the M+ museum and the Hong Kong Palace Museum, will run out of funding next March and may need to acquire additional loans if a new finance plan is not approved by the city’s government. That was the warning from WKCDA CEO Betty Fung on February 14 in regard to the status of the hub’s HK$21.6 billion (approximately USD$2.75 billion) funding, endowed by the city’s legislature in 2008. Fung told local media outlets that the WKCDA had recorded over 4 million visits in the 2022–23 year, with M+ drawing 2.7 million visitors and the Hong Kong Palace Museum attracting 1.25 million people. Related Articles She said she was confident that an increase in special exhibitions would boost visitor attendance this year, according to the Hong Kong Free Press. Revenue from ticket sales at the two museums covered nearly half of expenses, “on par or even exceeding internationally renowned museums,” she said. But it left the WKCDA to pay for the …