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Residential land at Chisholm Trail Ranch purchased

Stratford Land, Legacy Capital Co. and the Walton Group of Cos. have snapped up 268 acres of residential land at Chisholm Trail Ranch in Fort Worth.

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Fort Worth to consider adopting 15-year Cavile Place redevelopment plan

The 300-unit Cavile Place housing project in Southeast Fort Worth would be razed and replaced in phases, with a significant number of the units redistributed into the neighborhood.

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Fort Worth payment processor acquired by pension plan group

Fort Worth-based First American Payment Systems has been acquired by an investor group led by the Ontario Teachers’ Pension Plan (Teachers’), with participation of members of the First American management team.

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Texas adds 19,100 nonfarm jobs in June; Fort Worth-Arlington jobless rate 5.3 percent

Seven of Texas' 11 major industry segments added jobs in June, the Texas Workforce Commission reported.

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Fort Worth council members approve Cavile Place redevelopment plan

The vote kicks off what officials say will be a 10-15-year implementation.

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Senate panel considers transportation funding bill

 

JIM VERTUNO,Associated Press


AUSTIN, Texas (AP) — Texas lawmakers are pondering how to solve the state's billion-dollar problem of paying for roads and other transportation projects.

Gov. Rick Perry this week added transportation funding to the agenda of the special session of the Legislature. The Senate Finance Committee has scheduled a Wednesday hearing on a plan to send a portion of oil and gas severance taxes into a special roads fund.

That money now goes into the state's reserve fund, and the plan by Sen. Robert Nichols of Jacksonville could divert billions toward building roads. Such a move would require a constitutional amendment approved by voters statewide.

State transportation leaders say Texas needs about $4 billion more per year on roads, even after a decade-long spike in highway construction and maintenance.

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Training Camp
Training camp is starting this week. How will the Dallas Cowboys do this season?