Dear Gentle Reader,
You may have asked yourself, when reading about the Arsenale yesterday, and Hong Kong in the past (ooh, does your scribe flatter himself)...
How do they get their power in Hong Kong?
They get it from a power plant.
OK, that is not interesting. But there is something interesting about the power plant in Hong Kong, besides the fact that your scribe flew over it the other day.
The power plant used to be on land zoned for more than just power generation.
An enterprising young man bought the power plant, relocated it to an abandoned island that no one wanted to live on and so was cheap, and stuck about seventy eighty-storey residential towers on the place where the power plant used to be.
He made a fortune.
That young man then continued doing development work like that, in Hong Kong and around the world.
His name was, and is, Li Ka-shing. He is the wealthiest man in Hong Kong and with a wealth measured at 26.5 billion USD in March 2008, Forbes ranked him No. 11 on the global list of billionaires.
His son bought some land in Vancouver, Canada, years ago, just after the 1986 World Expo(sition). It was very old industrial land, and therefore very polluted with very high remediation costs.
The province of British Columbia owned the land, I believe, and sold it all in one chunk. Inexplicably, the province agreed to pay all the remediation costs to make the land usable for residential construction. My understanding is that the remediation costs were on par with the purchase price. Shrewd family of deal makers, the Li family.
Here is where that famous power plant of Hong Kong is located now.
Which is not where the expression money is power comes from, but it could be.
So there is a little look at a person, a place, and a starting point in Hong Kong.