Hopewell Holdings is considering scaling back the size of its controversial Mega Tower hotel project in Wan Chai.
Thomas Jefferson Wu, managing director of Hopewell Holdings, said its new flexible proposal was still in the works but would include the possibility of reducing the number of floors from the 93 storeys approved in 1994, or reducing the size of the project.
The company also unveiled plans yesterday to improve the road network to dispel criticism of the scheme.
The slope in front of Ruttonjee Hospital would be moved back, creating two more lanes on Queen's Road East. One would allow vehicles to turn left to the hospital and the other would allow traffic to turn right into Kennedy Road.
The footpath in Kennedy Road would be widened from 90cm to 2.75 metres. About HK$300 million to HK$400 million would be spent to develop a 5,575 square metre park - the size of Southorn Playground - near the hotel, which would be built between Queen's Road East and Kennedy Road.
A short film has been uploaded to the development's website, HopewellCentre2.com.
Concerns about traffic and the height of the proposed hotel have dogged the project since the idea was floated 20 years ago. Mr Wu said a taskforce would analyse public comments before the company came up with a proposal on the new hotel.