From the Jerusalem Post:

Bishara Shlayan, a Christian Arab from Nazareth, is hoping to build a huge statue of Jesus on Mount Precipice, near his home city.
Shlayan told The Jerusalem Post in an interview that he has already begun fund-raising for the project and that he is getting positive feedback from the Israeli Arab Christian community as well as some Jews.
He sees the statue as being similar to but larger than the huge Christ the Redeemer statue in Rio de Janeiro, Brazil.
Mount Precipice, also known as Mount Kedumim, is believed by some to be the place where the people of Nazareth attempted to push Jesus off the mountain after rejecting him as the messiah. In the end he was able to jump off and disappeared, according to Christian tradition.

The full story describes Shlayan’s political ambitions. The statue in Rio is 100 feet tall. The traditional hill is not the place where Jesus was nearly killed, for ancient Nazareth was not built on this hill.

They got up, drove him out of the town, and took him to the brow of the hill on which the town was built, in order to throw him down the cliff (Luke 4:29).

Nazareth Mount of Precipitation from west panorama, tb041003219
Traditional Mount of Precipitation in Nazareth
Photo from Galilee and the North