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Obama calls for offshore drilling in Southeast

WASHINGTON — The Obama administration on Tuesday outlined a politically fraught plan for allowing oil and gas drilling offshore along parts of the Atlantic coast while imposing new restrictions on environmentally fragile waters off northern Alaska.

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Alliance's Hillwood Commons lands first tenant

A large title insurance, property valuation and settlement services company is the first tenant at Hillwood Commons I, an office complex at Alliance Town Center.

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Museum District: Area’s evolution creating more interaction, public spaces

Fifteen years ago if someone had shot a cannon from Fort Worth’s world-renowned museum district, nobody would have noticed, joked Lori Eklund, senior deputy director of the Amon Carter Museum of American Art. But that has changed.

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Energy Transfer Partners, Regency Energy announce $18B merger

Energy Transfer Partners LP of Dallas and Regency Energy Partners LP have entered into a definitive merger agreement.

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Fort Worth's mayor looking for new chief of staff

Jason Lamers is leaving the city after 14 years to join Burlington Northern Santa Fe.

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Texas Senate gives early approval to road spending

 

JIM VERTUNO, Associated Press

AUSTIN, Texas (AP) — The Texas Senate has given preliminary approval to taking nearly $1 billion a year from the state's reserve fund and spending it on transportation.
The constitutional amendment, reached on Tuesday, still needs a final vote to send it to the House with one week left in the special session.
State transportation leaders say Texas needs to spend $4 billion more a year on transportation to keep up with growth. The Senate plan would divert oil and gas severance taxes collected in the reserve fund toward road building and maintenance.
The Senate plan only moves that money if the reserve fund has at least $6 billion. Senators debated whether keeping the minimum amount makes fiscal sense and will result in less money going to transportation.
The amendment would need statewide voter approval.

 

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