The city council approved an outline for the establishment of an academic institution near the new City Center. The council members were presented with three possible alternatives, which were the result of extensive research and examination conducted by a special committee appointed by the Iriyah. The project is to build an academy for higher education on an 8,000-meter lot at a cost of 80 million shekels with the chosen academic institution recognized by the Council for Higher Education and will be fully active in the city. The alternatives were presented by the city's legal advisor, Dana Hefetz-Tuchler, and the city's treasurer, Ram Sidis, presenting the economic and legal implications for each alternative for establishing an academic institution in the city.
The alternative chosen by the city council was based on an outline according to which the Iriyah would allocate the area of the land and build the shell of the building and the chosen academic institution would complete the building work and adapt the building to the needs of the academic institution. This alternative stipulates that the city will own the building, which will be built by the city at a cost of 50 million shekels from the city’s funds. The Institute will receive rights to lease the land for a period of 25 years and two additional periods of 10 years each, for a total of 45 years, constituting the maximum period of the law.
The selection of the alternative by the Council constitutes a green light to begin the process of allocating the land and the structure. This procedure, which is public, will enable any academic institution that meets the conditions to access the allocation.