Promoted with the promise of reducing private and public transportation into the Old City – along with the pollution that comes with it – the cable car is seen as an ideal solution for the ever-increasing number of tourists. If implemented, the system will be capable of transporting 6,000 passengers per hour.
The French company CNA, which specializes in cable cars and lifts for ski resorts, has been hired to work on the system. A budget of 125 million shekels has been allocated to the project, according to Haaretz.
Based on the negative reaction by the media and the public, the municipality faces a huge uphill battle. The project truly is up in the air.
Already a hit in Tel Aviv and Herzliya, WeWork provides a shared workspace, community, and services for entrepreneurs, freelancers, startups and small businesses. Tenants rent space on a month-by-month basis at a cost ranging between 700-2,000 shekels, depending on space requirements.
The location has struggled to find suitable use since Hamashbir moved to Jaffa Street in 2011. The renovation will completely change the structure, adding dozens of windows and a glass facade to the bottom floors, creating the kind of openness found in modern architecture.
There is no word on who is responsible for the project, nor has a completion date been provided; however, construction is currently underway.