A waterfront bazaar in Sheung Wan that has been under threat may yet have a future thanks to a proposal to transform it into another Lan Kwai Fong. Councillor Kam Nai-wai of Central and Western District said the council had been approached by a restaurant owner who proposed turning the nostalgic Sheung Wan Gala Point, popularly known as dai tat dei, or big square, into a trendy zone with bars and restaurants. However, Allan Zeman, chairman of the Lan Kwai Fong Association, said the proposal was impractical considering the waterfront bazaar was not in the heart of the commercial zone. 'The location of Lan Kwai Fong is irreplaceable. It is only one block from the busy Queen's Road and is a few minutes walk from the Central MTR station. It is surrounded by busy commercial buildings. 'Many people just come directly from their offices right after work. However, for Sheung Wan waterfront, it is difficult to get access and there are too many offices around. 'They can do something at Sheung Wan Gala Point; but not Lan Kwai Fong or SoHo,' Mr Zeman said. The future of the Sheung Wan waterfront bazaar remains uncertain after the private contractor running the project failed to pay rent and disappeared. The company is also accused of failing to promote the market, based on the Poor Man's Nightclub, a popular Sheung Wan flea market that had its heyday in the 1970s and was shut in 1992. The concept was revived by former financial secretary Antony Leung Kam-chung last year under an initiative to revive the economy at the community level. Since early last month, Central and Western District Office started running the 6,380-square-metre market. After February the site will be returned to the Lands Department, pending a decision by the new district council to determine the market's fate. However, Mr Kam said the option of building another Lan Kwai Fong on the land was viable. 'The location of dai tat dei, which overlooks a full sea view of the famous Victoria Harbour, is even more favourable than the environment of Lan Kwai Fong. 'Instead of attracting local Chinese people, it would be more practical to attract tourists and local expats who will then turn the zone into another busy area to attract local people like the situation in Lan Kwai Fong,' the district councillor said. But Mr Kam said he would not make the proposal until the restaurant owner had submitted the plan to the district council for discussion. He said the future of the popular Sheung Wan flea market would be among issues to be discussed on the council agenda at its first meeting on Tuesday. However, his fellow district councillor Kwok Ka-ki had a different view. Dr Kwok said it would be difficult to 'duplicate' Lan Kwai Fong which had an established reputation and its own style. Dr Kwok said that the district council should discuss with the Hong Kong Tourism Board how to revive the waterfront area and transform it into another attraction for visitors.