Monday, January 11, 2016













COMMENT: Sports Hub’s false starts heading towards a nightmare

January 11, 2016



Wait a minute, looking at many who post and comments on this Sport Hub, it seems like public get the impression that taxpayer money is used to build this Sport Hub.
If I understand correctly, I thought it is oversea investors who forked out money to build this Sport Hub by projecting the number of events it can bring in to recover its investment after a period of years.
This business model is similar to RWS and Marina Sands (which of course both RWS and Marina Sands are making money).
Taxpayer money is not involved in all these 3 mega projects - if my understanding is correct.

This project is one of the 3 PPP (Public Private Partnership) mega projects - that are designed to attract foreign investors to build iconic building and new tourist attraction hub - such as MICE (meeting, business conference, exhibition, events and tourists) - with billion dollars investment that can be recouped within 10 - 25 years.

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