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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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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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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 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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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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More Fort Worth Bike Share stations planned after $554,610 state grant
 

 

A. Lee Graham

Reporter

 

The Fort Worth Transportation Authority plans to use a $554,610 grant from the Texas Department of Transportation’s Transportation Enhancement Program to purchase 10 new bike share stations and 100 bike share bicycles.

The grant — among 81 awarded statewide for projects chosen by the Texas Transportation Commission to receive a total of $91 million in grant funds —must be used for toward capital expenses. Operating expenses spurred by adding the new stations and bicycles will be funded through sponsorships, advertising, memberships and usage fees.

“The additional stations purchased with this grant will go a long way to increase first and last mile connections to existing bus, rail, and bike share options, and we are excited to have a hand in making that happen," said Tony Johnson, executive vice president and chief operating officer for the authority, or The T, commenting in a news release.

Fort Worth Bike Sharing launched on Earth Day in April with 300 bicycles and 27 stations. Three stations have since been added, bringing the current total to 30. Using remaining FTA funds, Fort Worth B-Cycle will expand by 4-6 stations in September, raising the total number to at least 34. This expansion is separate from the TxDOT grant.

Locations for the 10 new stations have not been determined, but they will be installed as early as February 2014.

 

lgraham@bizpress.net

 

 

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