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Written by: Kong Fanxu
2020-09-23 17:36
Last update date: 2020-09-23 17:42
The government announced today (23) that, taking into account the current economic situation, it will not extend the subscription rights for the 60 hectares of land reserved for the second phase of the Disneyland development tomorrow (24th) when the line is dead, which means that the second phase of the Hong Kong Disneyland development plan has failed. .
The land supply in Hong Kong is tight, and the outside world is concerned about how the government develops the second phase of land.
However, according to the contract signed between the government and Hong Kong International Theme Park Co., Ltd. in 1999, there is a "tightening curse". In order to visually isolate the fairy tale world in the park from the real world, the park is the center of the outward development of the land. Due to the height restriction of the level increase, the second phase of land resumption by the government this time must not be taller than 20 meters, which means that only low-density development can be used in the future.
However, it is necessary to be the person to untie the bell. The Hong Kong International Theme Park Co., Ltd., which manages Hong Kong Disneyland, actually holds more than half of the shares. It is a major shareholder, which means that it is in the "tightening curse" of lifting height restrictions. In particular, the 60 hectares of land in the second phase of the resumption this time, the Hong Kong government is expected to have a greater say.
The land near Hong Kong Disneyland has a prescribed height limit, which visually isolates the fairy tale world from the real world.
(Facebook "Mitong Magic Post" picture)
The height limit is to isolate the fairy tale world and the real world in the park
In 1999, the Hong Kong government and Hong Kong International Theme Park Co., Ltd. signed the "Disneyland Surrounding Height and Use Limitation Contract". In order to visually isolate the fairy tale world in the park from the real world and maintain the dreamy atmosphere of the park, Disney’s surrounding areas are set up Height restriction.
The government reserved 60 hectares of reclaimed land on the east side of the park for Disney to build another theme park, the second phase of land.
According to the "Disneyland Surrounding Height and Use Restriction Agreement", the second phase of the land cannot be built to build houses, commercial facilities, hotels, horse farms and other facilities, and the buildings cannot be higher than 20 meters.
As for the Chief Executive Carrie Lam Cheng Yuet-ngor's 2018 policy address to launch the "Lantau Tomorrow" project, about 500 hectares of the 1,700 hectares of artificial islands fall into the "Disneyland Perimeter Height and Use Restriction Contract", accounting for about 30% of the artificial islands.
According to the contract, the height of the buildings to be constructed in the future cannot be higher than 80 to 130 meters, and the average height of each floor of the residence is about 3 meters, that is, the height of the building cannot exceed 20 to 40 floors.
It can be seen that from the Disneyland as the center, the outward development land has a clear level increase height limit.
In August 2017, the government and Disney revised the height restriction contract. Compared with the plan of tomorrow's Lantau Island, it can be seen that more than 30% of the artificial island falls into the height restriction zone in the contract.
(Land Registry)
The Hong Kong government is the major shareholder of operating Disneyland
Under the "tightening curse" of Disney's highly restricted area, it seems that even after the government reclaims the second phase of the land, if it is used for future development, it can only build low-density buildings, and the buffer zone principle must be maintained to avoid damaging the Disneyland. Atmosphere.
However, the "tightening curse" is not absolutely unsolvable. The parent company of Hong Kong Disneyland Resort, Hong Kong International Theme Park Co., Ltd. is owned by the Hong Kong Special Administrative Region Government and The Walt Disney Company.
Responsible for the operation of the Disneyland Resort. In terms of equity distribution, the Hong Kong government holds 57% of the equity, and the remaining 43% is owned by Walt Disney. After two expansion and capital injection agreements, the Hong Kong government and Walt Disney have respectively changed to 52% and 48%, that is, the Hong Kong government is still the major shareholder of the company. In the future, it is believed that it will have a greater say in the study of the restrictions on the height of the liberalization. As for how the government will develop the 60 hectares of land in the end, whether the land restrictions will be changed will be handled by the government .
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