The government has agreed in principle to support the restoration of Bruce Lee's former home and to help turn it into a tourist destination commemorating the late movie legend. The owner of the HK$100 million property, Yu Panglin, met government officials, including Secretary for Commerce and Economic Development Rita Lau Ng Wai-lan, yesterday. Mr Yu said he and the government had reached an agreement on the basic principle of preserving and restoring the property at 41 Cumberland Road, popularly known as Crane's Nest, where Lee spent his last years before he died in 1973. But details of the project, including funding, have yet to be hammered out, and Mr Yu is awaiting a proposal from the government. He said he was concerned that if the government's proposal was merely to restore the 5,000 sq ft, two-storey house into its original form, as opposed to his own idea of a large museum complex, it might not be appealing enough to attract fans. A Commerce and Economic Development Bureau spokesman said that the government and Mr Yu had agreed in principle to retain the original look of the building. He said that the government recognised Lee's contribution to Hong Kong films and Chinese culture, and appreciated Mr Yu's kindness in donating the property unconditionally. Last summer, Mr Yu planned to sell the HK$100 million house - now used as a love hotel - with other properties to raise funds for Sichuan earthquake victims. But he withdrew the house from sale after pleas to preserve it. Mr Yu then proposed to increase the floor size to 30,000 sq ft and turn it into a museum complex with a cinema, library and martial arts centre. He discussed the proposal with former secretary for commerce and economic development Frederick Ma Si-hang last July but the government did not take any action. Despite his concerns, Mr Yu was pleased with the positive beginning. 'The government was very sincere. I'm glad that the government took the initiative. I hope to see it completed in my lifetime,' said Mr Yu, who was born in 1922. Land Power International chairman Michael Choi Ngai-min, who has been assisting Mr Yu on the project, said that the government had cited Elvis Presley's former residence, Graceland in the US state of Tennessee, as a reference during the meeting He said that the government would call for experts' opinion and draft a proposal for Mr Yu. 'If Mr Yu agrees with the proposal, [the project] can go ahead any time,' Mr Choi said.