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Israel To Convert Army Bases Into Apartments

Israel’s government may kill two birds with one stone by converting as many as eight army bases into residential living areas.

The plan, still under discussion among the treasury, defense ministry and Israel Land Administration, would initially turn four bases into apartment complexes, in a move that could eventually create up to 40,000 new housing units in the greater Tel Aviv area. The plan addresses two sources of local protest: anxiety among residents who’ve seen real estate prices sky-rocket in recent years because of a housing shortage, and concerns among army officials over a treasury proposal to cuts its budget by 3 billion shekels (about $795 million) annually.

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Israel To Convert Army Bases Into Apartments

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