Agreement reached on Carmel Market renovation

This morning, representatives of the Tel Aviv-Jaffa Municipality and Carmel Market traders signed an agreement in principle for the market, and the Tel Aviv Local Planning and Building Commission has approved the plan. The plan will now go to the Tel Aviv Regional Planning and Building Commission's objections committee. Now that the traders' main objections have been settled, the plan will probably be approved.

Under the Carmel Market renewal plan, approved by the Tel Aviv Regional Commission in 2009, Carmel Street will be rezoned for commerce, and the Carmel Market, the Meat Market, and the Western (Gaza) Market will be rebuilt. The renewal plan includes additional residential, hotel, and business space, and the construction of an underground four-level public parking garage with 1,000 parking spaces. The market will be covered, its infrastructures rebuilt, and a logistics center will be built.