Private Development and Management of Public Open Spaces

to dispose of key waterfront sites instead of selling to the highest bidder. [...] tunnels, waste processing facilities • Difficult to apply to: • short-term projects • non-profit projects • public spaces • 2 relevant principles: • performance-based pay • value for money A variety of non-traditional PPP/PPC projects For Profit Non-profit Long- term Kai Tak Sports Park (under construction) Avenue of the Stars Short- term Observation Wheel The Vessel, Kwun Tong Image sources: Kai. [...] Inclusivity Facilities must be available for public use for for 2/3 of the year. [...] The length of STTs should be commensurate to the level of investment in the site expected. [...] For non-profit projects with low commercial potential, in addition to paying for construction, government should consider subsidising operational costs according to performance metrics to ensure inclusiveness and long-term stability.