Paper submitted to Legco shows cost recovery rate for West Kowloon Cultural District’s performing arts stood at 30 per cent in last financial year
Income from performing arts spaces in Hong Kong’s premier cultural hub could improve with the opening of a new 2,320-seat theatre complex next year, the head of the area’s managing body has said, following last year’s financial woes.
A paper submitted to the Legislative Council revealed that the cost recovery rate for the West Kowloon Cultural District’s performing arts division stood at 30 per cent for the financial year ending on March 31, lower than the 44 per cent rate for the contemporary art museum M+ and the Hong Kong Palace Museum.
The rate measures how much a venue contributes to its operating costs.
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