Israels military establishment agreed to vacate a number of sites on state-owned land in Tel Aviv and Haifa in exchange for an estimated 1 billion shekels ($286 million) that sale of the sites is expected to generate.
The agreement was announced Tuesday by the Israel Lands Administration and the finance and defense ministries.
The deal include the sites of two Israel Air Force schools and other facilities in the Haifa Bay as well as the Israel Defense Forces History Museum in south Tel Aviv, adjacent to the Neveh Tzedek neighborhood.
Tourist facilities, commercial use and residential projects are planned for the parcel in Tel Aviv.
The expected proceeds from the sale of the sites in Tel Aviv and Haifa are in addition to the recent demands for additional military funding by Defense Minister Avigdor Lieberman.
The Haifa sites have been earmarked for logistical facilities for the citys new port. These facilities had originally been planned for the Kishon River park.
The change in location will allow the preservation of open spaces in the park.
It will also pave the way for a new seafront project in the city, as well as enabling the expansion of the Haifa airport. The airport will temporarily serve private aircraft now using the small airport in Herzliya, north of Tel Aviv.
Residential construction is planned for the site of the Herzliya airport.
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