Kai Tak Sports Park operator to be hit with huge fines for failing to fill facilities; HK$4.3m per day for construction delay
- Operator can be hit with HK$500,000 fine for not meeting usage requirements
- Park expected to be opened in June 2023
In a Legco paper to the Home Affairs Panel on the same day that Chief Executive Carrie Lam Cheng Yuet-ngor hosted the groundbreaking ceremony for the HK$30 billion project, the government laid down strict requirements on the future usage of the 28-hectare venue.
The park boasts a 50,000-seat main stadium, a 10,000-seat indoor sports centre, a 5,000-seat public sports ground and other facilities such as a dining cove and retail areas.
The venue operator, Kai Tak Sports Park Limited (KTSPL), which won the contract last December, will be required to host sports events in the main stadium for a minimum 40 days a year in the first five years of operation, 76 days in the indoor centre and 69 days in the public ground.
Failure to meet the targets will result in a fine of HK$500,000 for every day below the minimum level for the main stadium, HK$100,000 for the indoor centre and HK$50,000 for the public ground.