Mayor Jamal Itani discusses Beirut’s future
During a brief interview in late July, Itani explained a variety of the city council’s plans, from making Beirut more pedestrian-friendly to balancing private and public interests along the city’s contentious coast.
When we took over [on June 1, 2016], we got a statement from the central bank [Banque du Liban] saying that, in the account, there’s in the range of $495 million.
Investment projects, [for example the council recently decided to redevelop a plot of land in Medawr] plot 385 is a big plot owned by the municipality. Part of the land is occupied by the municipality, part leased to different entities, and the purpose is to redevelop this piece of property. It’s approximately 80,000 square meters of property that is [in a] very important location at the entrance to Beirut; we believe that this property needs to be developed and can have a great return for the municipality. Financial return. any application even for a construction, or put [up] any other structure.
Well, they are publicly used now, and this will prevent the owners from starting any development during the course of the study. They won’t even be able to apply for building permits.