Economy21:00 · Aug 25

Haifa Plans Multi-Billion Shekel 'Strip' Development to Transform Southern City Entrance

YnetCenter
Translated & summarized from Ynet by baba
The story · English

Haifa Municipality and the Haifa Economic Company are advancing a visionary urban development project modeled after international "strip" concepts like Las Vegas and Singapore's Marina. The plan aims to create a continuous, multifunctional urban corridor at the city's southern entrance, integrating tourism, conferences, commerce, and cultural attractions without reliance on private vehicles. Estimated to cost between 2.5 and 4 billion shekels, the project will expand the current 76-dunam area to approximately 130 dunams, with new construction totaling about 191,000 square meters.

Central to the plan is upgrading and enlarging the existing convention center, co-owned by the Economic Company and real estate firm Gav-Yam, while adding new business, tourism, and retail components. A key architectural feature is a seamless, air-conditioned transit system including a moving walkway connecting the Carmel Beach train station and bus terminal directly to the convention center, arena, hotels, and beachfront. Above this will be a shaded elevated promenade with green spaces, cafes, and shops, enhancing pedestrian experience.

Mayor Yona Yahav highlighted Haifa's unique combination of mountain and sea, world-class academic and research institutions, high-tech and defense industries, ports, and national transport infrastructure. He emphasized the goal of creating a cosmopolitan international city that attracts companies, investors, conferences, and tourists over the next 20 to 30 years. The development will feature a 10,000-seat arena near Sammy Ofer Stadium, a modern conference and exhibition center, and a 750-room hotel complex, increasing Haifa's hotel capacity by 40%. The project aims to retain business events in Haifa rather than losing them to Tel Aviv or Eilat.

Rani Bender, chairman of the Economic Company, noted the metropolitan area’s 2.5 million residents need international-standard conference, arena, and hotel facilities. The project will connect the MATAM high-tech park, academic institutions, and sports facilities into a unified economic system. CEO Hanan Markovitz stressed the commercial importance of easy access, envisioning visitors arriving by train from across Israel and moving effortlessly along the strip.

Planning is led by Ariel Vetterman and architect Dagan Moshely, focusing on integrating previously isolated projects into a cohesive urban strip. However, experts caution about funding challenges, as the municipality lacks the full budget and will require significant private investment or government support. Statutory and environmental hurdles are also expected, especially regarding coastal development and hotel construction near the beach, which may face opposition and lengthy legal battles. Despite these challenges, city officials remain committed to realizing the ambitious vision to establish Haifa as the northern metropolitan capital and a new gateway connecting mountain, city, and sea.

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