The Jerusalem Municipality has issued a building permit to Moshe and Leon Edery, the owners of New Lineo Cinemas (2006) Ltd., to build a Cinema City complex above the National Government Center car park near the Western entrance to the city. New Lineo will invest NIS 125 million in the 15 screen multiplex.
New Lineo owns the Cinema City Ltd. multiplexes in Ramat Hasharon and Rishon LeZion. Last month the company announced it was building a 25 screen multiplex and Disney park at an investment of NIS 600 million at the Carmel tunnels exit by Check Post junction in Haifa.
Jerusalem Mayor Nir Barkat signed the building permit yesterday for Cinema City Jerusalem, which is designed by Kolker Kolker Epstein Architects.
The multiplex will be built on the roof and the top two levels of the car park. Above the multiplex will be a 4,000 square meter commercial center.
Barkat said, "Jerusalem has seen a surge of cultural development over the past two years the like of which it has not witnessed for many years. The municipality is investing enormous resources in transforming the city into a cultural and entertainment capital so that it will attract and draw young people, tourists, and businesses."
Published by Globes, Israel business news - www.globes-online.com - on February 9, 2011
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