While there is a need to strike a balance between public cost and benefit, it is good to see a commitment to hosting major sporting events
Now a government review has tightened the funding process across the board, ruling that money should be spent only on world-class and international occasions, aimed at bringing the city an economic boost. It also ruled that the system should be more focused and multilayered instead of taking a “one size fits all” approach. This is a welcome attempt to ensure value for public spending and maintain confidence in sport funding. “[We] understand the public’s expectation for effective use of public funds,” Secretary for Culture, Sports and Tourism Rosanna Law Shuk-pui said.
That said, it is good that the government is reaffirming a commitment to support major sports events just when the success of the new Kai Tak Sports Park has cemented the city’s claim to offer world-class venues and a safe, attractive environment for visitors.
The refocused “M” mark scheme will help identify flagship events with potential, enabling early planning and enhanced marketing.
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