airport at sde dov_311.
(photo credit: Wikimedia Commons)
The Tel Aviv District Court on Wednesday approved an agreement to move Sde Dov
Airport from the city’s north to Lod, which will free up a large swath of the
city for building 16,000 housing units.
The agreement between the Finance
Ministry, the Israel Lands Authority and local authorities settled the level of
private participation in funding the airport move. Private owners will provide
NIS 20 million of the NIS 230m.
needed for the move, while the Finance
Ministry will pay for the remainder.
Finance Minister Yair Lapid welcomed
the decision, which took the Finance Ministry’s position that private owners
needed to participate in the costs of the moving the airport, which sits on land
jointly owned by the state.
“Moving Sde Dov from the heart of the city to
Ben-Gurion International Airport will allow the construction of thousands of
housing units in the center of area in demand, which will grow supply and help
lower housing prices,” Lapid said.
The move comes on the heals of a
housing cabinet “comprehensive plan” approved in June to grow the housing
supply, both for purchase and rent, by 150,000 in the next decade. One tenet of
the plan includes turning over IDF land in highdemand areas.
operates mostly domestic flights to Eilat and a few destinations in the North.
It is also used by the Israel Air Force.
The airport is situated on prime
real estate along a stretch of beach in northern Tel Aviv, blocking off access
between the sea and the posh Ramat Aviv neighborhood and cutting off continuity
between the commercial center and a spate of new residential buildings along the
city’s northern border.
The Bank of Israel has long urged increases to
the housing supply to reduce housing prices, an issue that took a central role
in the 2011 social protests.