Jumblatt: Beirut municipality to repurchase Ramlet al-Baida from current owners

Lebanon News
24-06-2015 | 06:03
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Jumblatt: Beirut municipality to repurchase Ramlet al-Baida from current owners
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Jumblatt: Beirut municipality to repurchase Ramlet al-Baida from current owners
Progressive Socialist Party leader Walid Jumblatt said on Wednesday that Beirut Municipality will buy the private property on Ramlet al-Baida beach from its current owners.
 
“Finally, the efforts deployed by Beirut residents succeeded in safeguarding Ramlet al-Baida beach, but at what price?” Jumblatt asked via his Twitter account.
 
Jumblatt’s comments come two days after Beirut Judge of Urgent Matters Zalfa al-Hasan reversed a decision to allow private real estate companies to block the entrances to Beirut’s only public beach.
 
Jumblatt also revealed that the municipality will buy three parcels of land on the beach for LL195 trillion ($130 million), despite selling it in the past for just LL45 billion ($30 million).
 
Two real estate companies, Mediterranean Real Estate and Bahr Real Estate owned by businessman Wissam Ashour are the present owners of the property.
 
Activists expressed fears that developers would turn these parts of Beirut’s only free public beach - a popular destination for low-income families - into luxury projects.

Lebanon News

Beirut

municipality

repurchase

Ramlet

al-Baida

current

owners

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