Says Rabbi Yochanon (Talmud Rosh Hashanah 31b) "From there [Tiberias] redemption will begin."
Sanhedrin Launched In Tiberias - Oct 14, '04 / 29 Tishrei 5765
"A unique ceremony - probably only the second of its kind in the past 1,600 years - is taking place in Tiberias today: The launching of a Sanhedrin, the highest Jewish-legal tribunal in the Land of Israel.
The Sanhedrin, a religious assembly that convened in one of the Holy Temple chambers in Jerusalem, comprised 71 sages and existed during the Tannaitic period, from several decades before the Common Era until roughly 425 C.E. Details of today's ceremony are still sketchy, but the organizers' announced their intention to convene 71 rabbis who have received special rabbinic ordination as specified by Maimonides."
Religiously and kabbalistically speaking, this is a very big deal.
BS"D - בסיעתא דשמיא