History
A large tract of land on the Haifa Bay was purchased from the Sursock family of Beirut by the American Zion Commonwealth in 1925. In 1928, the Bayside Land Corporation, a joint venture of the Palestine Economic Corporation and the Jewish National Fund, acquired 2,400 dunams of residential land in a deal related to the building of the IPC oil pipeline. Development of a residential area began in 1939, and the first houses were completed in 1940.
Read more about this topic: Kiryat Yam
Famous quotes containing the word history:
“In history as in human life, regret does not bring back a lost moment and a thousand years will not recover something lost in a single hour.”
—Stefan Zweig (18811942)
“In nature, all is useful, all is beautiful. It is therefore beautiful, because it is alive, moving, reproductive; it is therefore useful, because it is symmetrical and fair. Beauty will not come at the call of a legislature, nor will it repeat in England or America its history in Greece. It will come, as always, unannounced, and spring up between the feet of brave and earnest men.”
—Ralph Waldo Emerson (18031882)
“While the Republic has already acquired a history world-wide, America is still unsettled and unexplored. Like the English in New Holland, we live only on the shores of a continent even yet, and hardly know where the rivers come from which float our navy.”
—Henry David Thoreau (18171862)