Economic development company to be revived after 14 years

March 15, 2009 14:21
1 minute read.


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

After a break of 14 years, the Ra'anana city council has approved the revival of its Economic Development Company to oversee projects planned in the city, reports The move will bring the city into line with neighboring Kfar Saba and Herzliya, each of which have functioning development companies, but was criticized by councilor Meli Polishook-Bloch, who said the NIS 50,000 it would take to set up the company had not been allowed for in the 2009 budget, approved just one month ago. According to the report, the council last week voted to renew the company, which was active between 1990 and 1995 and then ceased operating for unstated reasons. The report said the new company would contain 15 members - five city councilors, five public representatives, and five municipal employees - and one of its first tasks would be to examine the "Kikar Ha'ir" project, which aims to turn a large car park in the city center into a main plaza. City treasurer Amir Bartov said it would cost about NIS 50,000 to set up the company afresh, a sum which had not been allowed for in the recently approved municipal budget. Polishook-Bloch objected to the creation of the company. "It is irresponsible that this subject was not in the budget book," she said.

Related Content

JERUSALEM: RESETTLED upon its desolation
December 19, 2010
Vying for control of the Temple Mount – on Foursquare