American real estate magnate Bob Stark and other investors plan to invest three to four billion dollars into a new college town in the Galilee in northern Israel. The 3200-dunam [around 800 acre] city, which will be located near Tzfat, will include Israel's fifth public medical school. The school will be funded by a donation of approximately $500 million, making it the first Israeli academic institution funded as part of a business enterprise.
R-L: Bob Stark, Dr. Shabtai Lobel, and President of Bar-Ilan Professor Moshe Kaveh at the site of the planned college town
Read the continuation of this article in the Arutz Sheva Real Estate Section