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C Y Leung: we're spending HK$20bn and a vast chunk of land on sports instead of housing
HK Government, 15-Oct-2014
Displaying the Government's economic illiteracy, in a prepared speech he says: "if you divide 7 million into 20 billion, even I can come up with a figure of at least three to four thousand dollars for every man, woman and child in Hong Kong". Um no C Y, that's at least $2857, not $4000. Still a waste though. He says they "did consider using the site instead for housing units". But why do that when you can buy election committee votes from the sports sector as well as the construction sector? It's a win-win proposition.