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Ice cancels flights, snarls traffic; snow in North Texas forecast

DALLAS (AP) — More wintry weather was expected across parts of North Texas through Wednesday.

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Riverside: Developer sees revitalization with apartments, townhomes driving commercial projects

A Dallas developer is seeking to rezone more than 18 acres in Fort Worth’s Riverside area overlooking Oakhurst Scenic Drive, the Trinity River and downtown, with plans to build as many as 400 apartments and townhomes aimed at renters who want to live in or near the central city. D

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Einstein Bagels closing two Tarrant locations

Einstein Bagels is closing two Tarrant County locations, part of a series of 39 closings around the country, according to the company’s owners, JAB Holding Co.

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Berkshire Hathaway company acquires Fort Worth firm

M&M Manufacturing, a producer of sheet metal products for the air distribution and ventilation market based in Fort Worth, has been acquired by MiTek Industries Inc., a subsidiary of Warren Buffett’s Berkshire Hathaway Inc.,

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Plans for Grand Prairie indoor ski resort, Hard Rock Hotel evaporate

Plans for a $215 million indoor ski resort and Hard Rock Hotel in Grand Prairie have been shelved. Sherman Thurston, a member of the development team, sent a

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City Council to consider tax breaks for Linwood apartment plan
 
A. Lee Graham
Reporter
 
The developer behind a $50 million apartment and townhome development plan could enjoy tax breaks if the Fort Worth City Council gives the nod.
The issue awaits possible action at this week’s regular council meeting. Pre-council begins at 8:30 a.m. Tuesday July 16, with the regular meeting starting at 10 a.m. at City Hall, 1000 Throckmorton St.
Plans call for constructing 21 townhomes facing Carroll Street and three- and four-story apartment buildings with 347 units in the Linwood neighborhood just west of Montgomery Plaza in the West Seventh Street corridor.
The city is expected to consider abating up to 70 percent in city property taxes on the incremental value of real property investment for a 10-year period. That would save Greystar Real Estate Partners LLC $1.9 million out of $2.7 million total taxes generated in those 10 years. Fort Worth would gain $827,893 in property tax revenue in that period.
About $200,000 in city permit fees would be waived, as well.

lgraham@bizpress.net

 

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