How a war-battered city on the Sea of Galilee can finance its own recovery.

Tiberias sits above one of the region’s most active earthquake faults and depends almost entirely on a tourism economy that three years of war have hollowed out — yet Israel’s national programs have long passed it by. This Financial Innovations Lab report offers a mechanism, not a lament: the Tiberias Resilience District, a layered financing framework that lets the city raise its own dedicated revenue — through a business improvement district, a modest tourism levy, and seismic-retrofit incentives — and leverage it into an investment pipeline approaching NIS 350 million (about $95 million) to make its buildings safer and revive its lakefront. Drawing on models from Barcelona to Baltimore, it maps a self-financing route to recovery that other peripheral cities — Safed, Acre, Nazareth, and Eilat — could follow next.

Glenn Yago
Glenn Yago
Glenn Yago is the Senior Director of the Milken Innovation Center at the Jerusalem Institute for Policy Research and a Senior Fellow / Founder,Financial Innovations Labs® (Milken Institute-U.S). He is a leading authority on financial innovations, capital markets, emerging markets...
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