While the international community continues to express its outrage to Israel over its recent announcement that it plans to go ahead with development in the disputed E1 area of Jerusalem, the Israel Land Fund is already hard at work trying to assemble a group of investors to purchase and build the land.
“This land was rezoned and is approved for building of at least 200 Apartments in the future. From the plot you can see Jerusalem and the Judean desert and also from some parts you can see the Dead Sea,” the Fund’s website says.
“This is $6.5 million USD for the land and rights to build 200-250 apartments in the future.”
“That’s $26,000 per apartment = 100,000NIS*.”
The ILF’s enthusiasm for the project is palpable, though it’s somewhat pragmatic in its prognosis:
“Yes, it will take a long time until actual building begins maybe 3, 5, 7, 10 years or longer till Israel will make the decision to build E1. We believe that if Zionist Jews own this plot and become active on the land: Agriculture, Farm, Tourist attractions etc….This will be the turning point for the E1 concept and will make things easier for the government of Israel to start building and developing this important area.”
The Israel Land Fund describes itself as “a registered not-for-profit organization. It was created to continue the original efforts by the Jewish Forefathers, and in more recent history, over a century ago, by pioneers of The State. This includes acquiring all the land of Israel for the Jewish people.” It was founded in 2007.