Compensation of 25 to 28 Million Shekels for Owners of Jerusalem Building Constructed Using the Fal-Kal Method

In depth

The Jerusalem District Court determined that the building constructed using the Fal-Kal method on King David Street will be reinforced and not demolished. According to Calcalist, the luxury building in the city center has stood for about 40 years.

According to Ice, the court awarded compensation to the owners of residential apartments, shops and offices in the building, and the sum stands at 28 million shekels. The tenants' attorney said in response: "There is no such thing as a sound Fal-Kal building." According to Bizportal, the compensation is 26.3 million shekels.

According to Calcalist and Ynet, Eli Ron, the inventor of the method, was ordered to indemnify Paz and Elkonteren for 20% of the sums they were ordered to pay. According to Bizportal, the compensation will be paid by Paz, Elkonteren and Eli Ron.