New World Development wins right to design, build and run Hong Kong’s HK$30 billion Kai Tak Sports Park

Hong Kong’s long-awaited and much-touted HK$30 billion sports complex planned for the site of the former Kai Tak airport will be designed, built and run by a subsidiary of local property developer New World Development, officials said on Friday.
The announcement follows years of wrangling over costs, designs and how much control the government should have over the project, which has already been more than a decade in the making.
The 28-hectare complex promises to be a boon for the city…