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Jakarta Post

TIM to be under business management for 30 years

  • News Desk

    The Jakarta Post

Jakarta   /   Wed, July 3, 2019   /   01:13 pm
TIM to be under business management for 30 years Visitors talk to each other at Taman Ismail Marzuki in Cikini, Central Jakarta. (The Jakarta Post/Seto Wardhana)

Jakarta Governor Anies Baswedan has said that the management of the iconic Taman Ismail Marzuki (TIM) arts and culture center in Cikini, Central Jakarta, will be handed over to city-owned property developer Jakarta Propertindo (Jakpro) for about 30 years.

“Probably for 30 years because they [Jakpro] would need up to 23 years to reach the BEP [break-even point],” he said on Tuesday.

He argued that the reason for handing over the management from the Jakarta Arts Center TIM management unit (UP PKJ TIM) to the city-owned firm was to allow management of TIM to run a business scheme and enhance its development, as the city administration’s working units were not capable of managing the revenue gained from the arts and culture center.

“[…] commercially operated so that it [TIM] may earn income, manage income and outcome,” Anies said as quoted by kompas.com.

The governor expressed hope that arts and culture activities could go along with commercial operation.

“What’s important is that arts and culture develops well and commercial activities [can] facilitate arts and culture. We hope the market mechanism goes along with culture activities. […] In the future, it can be an example on how business and market support culture,” he said.

The Jakarta administration is set to conduct the TIM revitalization project with its groundbreaking expected to be held this month.

The project is estimated to cost up to Rp 1.8 trillion (US$125 million). The city has commissioned renowned architect Andra Matin to come up with a new design for TIM. (sau)