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The long-term financial health of the Urban Renewal Authority was in doubt, according to the consultancy McKinsey’s report disclosed by a local newspaper. On the other hand, it has long been argued that the Authority tends to prioritise profit over its mission to serve the community. The dilemma showed that it was never easy for self-financed urban renewal projects upholding social responsibility. Would engaging more public in the planning and rebuilding process help reduce the renewal cost?
The full version of the commentary is in Chinese only.