Mov­ing parts

Mayor Ja­mal Itani dis­cusses Beirut’s fu­ture

Executive Magazine - - Front Page -

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.

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