Financial Problems
Since the Central Star Ferry Pier was moved from its old pier next to City Hall to the new location outside International Finance Centre, passager number has fallen drastically to mainly by tourists and a small number of commuters. This has meant the Star Ferry company has lost many millions of dollars since the relocation. Therefore it decided not to re-tender for the loss-making Hung Hom-Central and Hung Hom-Wan Chai routes and will stop operating these routes and the relevant piers at Hung Hom Ferry Pier on 31 March 2011.
Read more about this topic: Star Ferry
Famous quotes containing the words financial and/or problems:
“One of the reforms to be carried out during the incoming administration is a change in our monetary and banking laws, so as to secure greater elasticity in the forms of currency available for trade and to prevent the limitations of law from operating to increase the embarrassment of a financial panic.”
—William Howard Taft (1857–1930)
“Men decide far more problems by hate, love, lust, rage, sorrow, joy, hope, fear, illusion, or some other inward emotion than by reality, authority, any legal standard, judicial precedent, or statute.”
—Marcus Tullius Cicero (106–43 B.C.)