, Hong Kong

Lawmakers warned of $31.6b loss if Disneyland funding gets scrapped

Disneyland visitor number may shrink by 15%.

A report from South China Morning Post said the government has warned that Hong Kong risks a massive loss of economic benefits if lawmakers fail to pass a $5.45b funding application for a revamp of the Disneyland theme park.

In a desperate attempt to press for Finance Committee endorsement, commerce minister Greg So Kam-leung told lawmakers on Saturday that a risk test showed Hong Kong could lose up to $31.6b in economic benefits over 40 years if Disneyland’s visitor numbers shrank by 15%.

Read the full story here.

Photo from Kjersti Holmang/Wikimedia Commons

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