The Defense Ministry has signed an agreement to evacuate the area on which the northern Tel Aviv Sde Dov Airport is currently located. The final agreement will be submitted within the next 30 days.
The 125-acre area will be housed by an upscale residential neighborhood with apartment towers.
The attorney representing the hundreds of owners of the plots in the Sde Dov area said that the agreement grants the Defense Ministry 50 percent ownership of the land, in exchange for the evacuation.
The civilian terminal in Sde Dov will be relocated to Ben Gurion Airport, and the military terminal will be transferred to the Palmahim army base.