Archive: 12/24/2010
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  12/24/2010, Tevet 17, 5771

Demonstration Against Nof Zion Deal Sunday


A demonstration has been scheduled Sunday at 2:30 p.m. outside the entrance of a Tel Aviv attorney's office to protest the proposed sale to a Cypriot company, headed by an Arab-American, of bonds in the Digal company, the developer of the unfinished Nof Zion housing project for the religious Zionist public in southern Jerusalem. Bondholders are scheduled to meet at 3:00 p.m. to discuss the Cypriot company's 60-million offer, which is higher than that of a Zionist-religious housing concern.

Ninety families who have moved into Phase I of the project are apprehensive that if the project falls into Arab hands, the 180 planned units of Stages II and III of the project will not only not be built, their own homes will become an unsafe and unviable Jewish enclave surrounded by Arab homes.