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Mixed-use complex at Fort Worth TRE parking lot could cost $60 million

A design panel proposes two buildings on Trinity Railway Express lot on Near Southside, with a mix of apartments, retail, office and parking, and frontage on West Vickery and views across I-30 and overlooking downtown.

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Trinity Terrace to build 23-story River Tower

Trinity Terrace, the Fort Worth retirement community that overlooks the Trinity River downtown, plans to launch construction in November on a 23-story River Tower, the nonprofit that owns the property said Friday.

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Fort Worth-area human resource awards seeks nominations

The Fort Worth Human Resource Management Association (FWHRMA) has announced their inaugural Human Resource Professional of the Year Award.

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Downtown Fort Worth TIF board extends two free parking leases

The short-term extensions for the City Center and 777 Main free parking leases, two of six downtown garages that offer free night and weekend parking paid for by the TIF, come as the TIF board debates best uses for its tax dollars as the district enters its final 10 years.

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Promises kept, memories secured as bank’s 1964 time capsule is recovered

Eddie Gale fulfilled his promise. Family legend had it that, 50 years ago, construction worker Gale had placed a letter for his family in a

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Six Flags earnings grow $13M in first-half 2013
 
A. Lee Graham
Reporter
 
Six Flags Entertainment Corp. of Grand Prairie has announced a record $451 million in revenue for the first six months of 2013, representing a $10 million, or 2 percent, increase over the same period a year earlier.
After adjusting 2012 for $3 million of insurance proceeds related to Hurricane Irene, the percentage increases to 3 percent.
Adjusted earnings before interest, taxes, depreciation and amortization for the same six-month period was $100 million, a $13 million – or 15 percent – increase after adjusting for insurance proceeds and the 2012 sale of the company's minority interest in a non-core company investment.
"I am pleased with our record year-to-date financial performance, despite cooler temperatures and unprecedented levels of precipitation at our Eastern and Midwestern parks during the second quarter," said chairman, president and CEO Jim Reid-Anderson in a news release.
"Our exciting new attractions and all-time high guest-satisfaction ratings have propelled our performance to new highs,” said Reid-Anderson, who said the company is “on track” to deliver $500 million of modified earnings before interest, taxes, depreciation and amortization, or about $3 of cash earnings per share, by 2015.
Total guest spending per capita grew 46 cents, or 1 percent, in the second quarter to $39.52, with admissions revenue per capita increasing 61 cents, or 3 percent, to $22.59 and in-park revenue per capita decreasing 15 cents, or 1 percent, to $16.93. In the first six months of the year, total guest spending per capita grew 36 cents, or 1 percent, to $39.74, with admissions revenue per capita increasing 56 cents, or 3 percent, to $22.62 and in-park revenue per capita decreasing 20 cents, to $17.12. Attendance for the first six months increased 1 percent to 10.7 million guests.
Six Flags Entertainment Corp. operates 18 parks across the United States, Mexico and Canada. More information is available at www.sixflags.com.
 
lgraham@bizpress.net

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