Wan Chai is one of the oldest districts and Lee Tung Street is where the publishing business in Hong Kong began. Over the past 30 years, tens of thousands of couples had visited the shops there to order their wedding cards, name cards and Chinese traditional calendars. In 2003 the URA announced it would spend HK$3.58 billion to redevelop Lee Tung and McGregor streets, an area covering 8,900 square meters - the largest and most expensive project the authority has undertaken.