164 IV. Relocating Futurity 14.3 View from Block 71 of construction work starting in 2014 after Block 71 was deemed a success and announced to be expanded by adding new buildings and refurbishing nearby factory buildings. In the background is Fusionopolis— one of the central originally planned nodes in the “one-north” masterplan. of the initial tenants had to move out to make space for younger startup companies as the original tenancy was based on a 3-year term. Initial tenants felt that they had contributed to the success of Blk 71 and yet were being denied the opportunity to reap the benefits. Another example was when one tenancy was prioritized over another in the selection procedure, or when the managers of the building were concerned about their ability to find new tenants because the existing ones wanted to arrange their space in particular ways they thought would be beneficial for growing their businesses, et cetera. Many entrepreneurs worried about the influence of the large government and government-related institutions that steered the Blk 71 project wondering whether the government’s institutionalized success metrics are aligned with the ones entrepreneurs have. Similarly, many worried that as the land value at one-north keeps rising, Blk 71 and all the accompanying startup activity could be relocated to another, less expensive area.
165 GEOGRAPHIES OF FUTURES AND SINGAPORE’S TECHNOPRENEURSHIP ASPIRATIONS 14.4 The previous tenant, a household electronic appliance manufacturer, moved out to make space for startups as Block 71 was expanded in 2014. The logo of that manufacturer (“JVC”) left an imprint on the wall.