News Brief

(IsraelNN.com) American real estate magnate Bob Stark and other investors will pour 3-4 billion dollars into a new college town in the Tzfat region, which will likely include a public medical school affiliated with Bar-Ilan University. The medical school, slated to be Israel's fifth, will be funded by a donation of approximately 500 million dollars, making it the first Israeli academic institution funded as part of a business enterprise.

The town will also include housing, shopping centers, cultural establishments, and a hesder yeshiva.