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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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BNSF plans $125M capital program in Washington
 
 
 
 
A. Lee Graham
Reporter
 
BNSF Railway Co. of Fort Worth plans to invest about $125 million on maintenance and rail capacity improvement and expansion projects in Washington state this year.
 
The company’s 2013 capacity enhancement projects in Washington include building two receiving and departure tracks nearly 7,000 feet long at its Delta yard in Everett and expanding BNSF’s automotive distribution facility at Orillia to support growth in new automobile traffic.
 
Meanwhile, the company is continuing a track maintenance program in Washington, which will include nearly 2,800 miles of track surfacing and undercutting work, as well as replacement of about 175 miles of rail and 110,000 railroad ties.
 
“BNSF’s capital investments in Washington will help ensure our network is prepared for growing demand for freight rail,” said chairman and CEO Matthew K. Rose, commenting in a news release.
 
“Given the importance of a low cost supply chain to the U.S. economy, our privately funded rail infrastructure is well positioned to help Washington compete in global markets,” Rose said.
 
The planned capital investments are part of BNSF’s record 2013 capital commitment of $4.3 billion. Comprising the largest component of that capital plan is $2.3 billion on BNSF's core network and related assets. The company also plans to spend about $1 billion on locomotive, freight car and other equipment acquisitions, many of which will serve Washington.
 
BNSF Railway operates on 32,500 route miles of track in 28 states and two Canadian provinces. More information is available at www.bnsf.com.
 
lgraham@bizpress.net

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