New National Stadium to be Built
The new stadium will be an ultra-modern 60,000 seat arena. Plans will be completed in 8 months after which the existing stadium in Ramat Gan will be demolished and the new one will be built in its place.
A delegation will travel to Germany to examine stadiums built for last summer's World Cup before deciding on the model for the new stadium.
The cost for the stadium will be NIS 800 million($200 million). Funding will come from the Sports Betting Council(NIS 300 million), the state(NIS 150 million), and the rest will come from the IFA and Ramat Gan municipality.