Ocean Park’s fight for survival: can home-grown Hong Kong attraction be brought back from the brink?
- Bosses have outlined HK$10.6 billion plan to rejuvenate the theme park, but lawmakers are balking at the bailout
- The Post looks at the details of the proposal, how Ocean Park got to this point and the questions still to be answered
With just HK$400 million in the bank, senior management at the theme park warned it would run out of money this year without fresh capital, blaming the downturn partly on intensifying competition in the region.
But the ambitious proposal to revamp the attraction was met with widespread scepticism as one lawmaker dubbed it “a failed business”, while some feared the debt burden would endure even with the cash injection.
What is the HK$10.6 billion plan?
Aimed at turning the amusement park into an adventure-themed resort, the government-backed plan strives to make better use of its scenic shoreline while appealing more to families.
The 43-year-old park in Aberdeen would be divided into seven themed zones, embracing a total of more than 20 new attractions by 2027.
