Join The Discussion

 

Dallas Fed's Fisher, Philadelphia Fed leaders to retire in 2015

WASHINGTON — The outspoken president of the Federal Reserve Bank of Philadelphia will step down in March, shortly before the central bank is expected to raise interest rates for the first time since the recession, the regional bank said Monday.

read more >

Ex Rangers manager Washington apologizes for 'breaking wife's trust'

IRVING, Texas (AP) — Former Texas Rangers manager Ron Washington says he is embarrassed for 'breaking his wife's trust.'

read more >

Troubled RadioShack files SEC form, talks with 'major vendor'

RadioShack Corp.’s latest filing with the U.S. Securities and Exchange Commission describes recent discussions that “could be beneficial to the financial restructuring of the company.”

read more >

REIT plans demolition of Fort Worth's Westchester Plaza, mixed-use redevelopment

The developer is seeking a $3.8 million reimbursement from the Southside tax increment finance district.

read more >

Road Show: City leaders prepare campaign to corral votes for $450 million arena

Fort Worth’s biggest backers of a new arena at the Will Rogers Memorial Center are leaving little to the chance of a “no” vote in a citywide election Nov. 4 to decide on new fees that would fund 15 percent of the $450 million project.

read more >

An end in sight for Chisholm Trail Parkway

A. Lee Graham
lgraham@bizpress.net

Motorists frustrated by detours, traffic cones and construction debris, take heart; the Chisholm Trail Parkway is nearing completion.
“I promise you a light at the end of the tunnel is coming,” said Elizabeth Mow, assistant executive director 
of infrastructure with the North Texas Tollway 
Authority.


Providing an update at the Tarrant Regional Transportation Coalition’s Sept. 4 monthly meeting, Mow said the mammoth toll road should reach completion by “late, late spring” 2014.
“There is a lot of work going on on this 28 miles of roadway,” Mow said.
When it opens, the 27.6 mile, $1.4 billion toll road promises swift passage between Interstate 30 near downtown Fort Worth and U.S. 67 in Cleburne.
Though construction began in November 2011, it may seem much longer for motorists navigating multiple construction zones, detours and lane closures. The portion near downtown Fort Worth has seen its share of activity, with Interstate 30 exit and access roads and portions of University Drive and Forest Park Boulevard affected as the project rerouted traffic.
“Structures are taking shape at that location,” Mow said of the elevated support platforms and concrete beams in and around the area. “You can really see where the main lanes will be.”


Meanwhile construction continues. Motorists in southwest Fort Worth can expect more headaches beginning later this month when construction periodically closes Interstate 20 between Bryant Irvin Road and Hulen Street overnight from Sept. 19 through spring.
Beginning Sept. 17, the eastbound Hulen Street exit and approaching right lane of I-20 will close for several weeks, according to a project newsletter. It recommends that motorists exit at Bryant Irvin and take the frontage road to Hulen.
When the parkway opens for business, motorists will have to dig into their pockets to travel the north-south corridor.
“It will be electronic tolling, so no toll booths,” Mow said.

Retiring D/FW Airport CEO
Jeff Fegan feted
Also at the meeting, Jeff Fegan received a fond farewell as the newly retired CEO of the Dallas/Fort Worth International Airport board.
“When we first started planning TEX Rail, we talked to Jeff and he was among the first community leaders in the area that recognized the importance of TEX Rail for the airport and Fort Worth,” said Dick Ruddell, president of the Fort Worth Transportation Authority, or The T.


TEX Rail is the 37-mile commuter rail planned to run from southwest Fort Worth to Grapevine and the north end of D/FW Airport.
Kenneth Barr also lauded Fegan. Barr, NTTA chairman and a former Fort Worth mayor, remembered serving on the transportation committee for the U.S. Conference of Mayors when the 9/11 terrorist attacks struck.
“That’s when I think I really realized how well D/FW [Airport] was being run,” Barr said. “We were ahead of the curve at D/FW, and Jeff and his team really get the credit for that,” said Barr, referring to programs that the airport had in place that he said other major airports nationwide did not.
Fegan recalled joining the airport in 1984 as chief planner.
“It’s been a fantastic time, a fantastic career,” Fegan said.
“The airport today is so much different than it was when I arrived in my U-Haul full of graffiti from New York as I pulled into Haltom City,” he said.


Since then, Fegan ascended the ranks. He was named director of planning and engineering in 1989 and CEO in 1994.
As CEO, Fegan helped develop the airport’s master plan, capital improvement plan, noise compatibility program and the $2.3 billion Terminal Renewal Improvement Program. Recent months have seen Qantas, Virgin and Emirates carriers start service at the airport, expanding its nonstop destinations to more than 200 cities worldwide.
“So the airport will be in a very, very good position for the next generation,” Fegan said.
 

< back

Email   email
hide
Arena
What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?