The IRs are going to be two humongous WHITE elephants, jkust like the MIW.
A case of bad decision at a bad time by the world's HIGHEST paid.
All of S'pore's tourist attractions are NOT VALUE for money. So many of them have POOR business because they charge too high admission prices until finally they close down; TANG DYNASTY CITY, HAW PA VILLA, Sentosa ASIAN Village etc. Even the BirdPark, ZOO, Night Safari need to be supported by local funds (memberships from schools, corporations).
The usual run of the mill reply from the PAP would be, other countries charge similar or higher prices. That may be true when comparing against certain Western countries but their attractions are also better both in design and concept, not half baked measures found in S'pore attractions.
The S'pore ZOO is a copycat version of the San Diego Zoo. The underwater tunnel at Sentosa was built by NZers from Kelly Tarlton (Auckland, NZ). Even a medium size city in the Goldcoast has more attractions (Seaworld, Warner Studios Theme parks) that are more fun than any S'pore attractions.
What does the proposed IR have to offer? Super Cheap buffets like Las Vegas, Sexy & Scantily clad waitresses with voluptious hooters? Venetian Canals like Macau, Roman Columns, Sphinx etc like in Las Vegas?
Which tourist is going to pay more to see a cheap substandard imitation of what their country already has to offer? And tourists from 3rd world countries(Malaysia, Thailand etc) would find the stiff prices even more daunting.
Competing for the tourist dollar is tough. Half hearted measures are doomed to failure. If there is no determination, might as well not start the race for that elusive tourist dollar.