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Government gets creative with arts hub assumptions

Reading Time:3 minutes
Why you can trust SCMP
Jake Van Der Kamp

'As museums are cultural and educational institutions, they are typically loss making and their value should not be measured purely on financial returns.'

Legco paper on West Kowloon Culture Bunker

This was actually a point made by a financial adviser appointed to review the government's assumptions on the project and an honest adviser it is indeed who advises that his advice is not particularly worth honouring.

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But he obviously forgot that advice was not wanted from him anyway. He was actually hired to say, 'Yes, boss, you're brilliant' to every question put to him and, as he did not quite say it, the bureaucrats had to go to pains to emphasise that he was wrong when he questioned some of their assumptions.

This will have shut him up, which makes it my turn now as I also have some questions, similar ones, about the financial assumptions in the study papers snowed down on the heads of legislators.

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A key assumption is that inflation over the next 50 years will average 2 per cent a year with both construction and staff cost escalation at 2 per cent.

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