The annual Light in Jerusalem Festival Jun 11-19 is free to the public. Highlights for 2014 include four light trails to follow; Light body designers and amazing street performers; 17-meter high light towers. The two videos below are of last year’s event.
http://igoogledisrael.com/2014/05/the-2014-jerusalem-light-festival-returns-to-light-up-the-old-city/
http://www.youtube.com/watch?v=L_DYJC8nNQE
http://en.lightinjerusalem.org.il/2013/