Nof Zion gets a special Jewish buyer

It looks like efforts to prevent sale of much of the Nof Zion project to a PLO sympathiser - who's also using Ariel Sharon's former crony Dov Weissglass as his assistant - are paying off. The latest news:

The threatened Arab takeover of a Jewish neighborhood along the seam-line in Jerusalem may have been averted. The Digal Investments and Holdings company informed the Tel Aviv Stock Exchange that it received, on Sunday, another proposal to buy all its land holdings in the Nof Zion project in Jerusalem, as well as other holdings.

The identity of the buyer is not known, other than that he is Jewish – as opposed to the man whose offer has been under consideration until now, Arab-American Bashar Al-Masri.

The offer, if it goes through, will help Digal pay off its debts to Bank Leumi – and Digal has said that it will then be able to raise the money for its approximately 50 million shekels’ worth of debts to its bondholders.

There's more information here. We have to hope the bank will accept this very good offer from a Jewish source and make the right decision.

Update: One Jerusalem has more. And here's an article in the Jerusalem Post.