The establishment of a 3,000,000 pound development corporation to build middle class housing and tourist facilities at Caesaria, on the Mediterranean coast north of Haifa, was announced here last night by Baron Edmond de Rothschild. Rothschild interests will invest half the capital and the Government of Israel the other half, the Baron revealed.
The first villa in the new Caesaria development has already been purchased by Mr. and Mrs. M. Hungerleider of Yardley, Pennsylvania. Mrs. Hungerleider is the daughter of the late S. D. Gottesman, American philanthropist who advanced the funds needed to buy the Dead Sea Scrolls now in possession of the Israel Government.
JTA has documented Jewish history in real-time for over a century. Keep our journalism strong by joining us in supporting independent, award-winning reporting.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
