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...Waterfront Chaim Estulin's article [May 2] alleges that for over a century Hong Kong has "misused its greatest asset," Victoria Harbour, and that little has been done by the government to protect it. This is not true. Land reclaimed from the harbor over the years has contributed greatly to Hong Kong's economic development and its status as an international financial center. Nonetheless, the government recognizes that Victoria Harbour is a special public asset, and it shares the public's aspirations to preserve it. In May 2004, the broadly representative Harbour-front Enhancement Committee was established to advise...

Author: /time Magazine | Title: Letters | 5/23/2005 | See Source »

...international embarrassment. Last week, about 70 executives from more than 90 of the city's biggest companies and institutions quietly assembled on the 40th floor of the HSBC headquarters?the very heart of the territory's traditional business community?for the first meeting of a new body, the Harbour Business Forum. According to one participant in the gathering, the group will act as a lobby for better use of the harbor and will press for the creation of a single authority to take charge of the harbor's development. "This will give the government a jolt," says Roger Nissim...

Author: /time Magazine | Title: How to Lose a Harbor | 4/25/2005 | See Source »

...investment. "We have a renaissance here," says Bruce Berman, spokesman for Boston's Save the Harbor/Save the Bay, the group that spearheaded the waterfront revitalization. "It has transformed the city and put us in a very competitive position." Hong Kong could reap similar rewards. A Designing Hong Kong Harbour study predicts that a vibrant Victoria Harbour with restaurants, cultural venues and marinas would create an estimated 50,000 jobs...

Author: /time Magazine | Title: How to Lose a Harbor | 4/25/2005 | See Source »

...year-old mother, Cissy, who invited him up to her harbor-view penthouse garden in 1995 and, pointing to the shrinking waterway, "gave me a scolding and instructed me to do something about it." In 1997, in the waning days of British rule, the local Legislative Council passed the Harbour Protection Ordinance. The incoming postcolonial administration tried, but failed, to repeal the law, and in 2002 pressed ahead with a plan to build a mostly underground highway from Central to Causeway Bay through reclaimed land. Chu spent nearly $1 million of his own money on a legal challenge...

Author: /time Magazine | Title: How to Lose a Harbor | 4/25/2005 | See Source »

...Hong Kong, few policies move without the backing of the business community, which is why the formation of the Harbour Business Forum is important. Business leaders don't want to take over all plans for the harbor. But the Forum has already settled on four broad areas in which it wants the Hong Kong government's performance to improve, and it will release the details next month. The Forum's report will call for a single, omniscient harbor authority, and transparency in the planning of projects. At the same time, the group says there should be a bias toward developing...

Author: /time Magazine | Title: How to Lose a Harbor | 4/25/2005 | See Source »

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