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New arena at Will Rogers takes shape


The proposed Will Rogers Memorial Center arena continues to take shape as voters head for a Nov. 4 election to decide whether to approve new taxes to help pay for the $450 million facility.

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Fort Worth-based Woodmont plans $80M Hard Rock Hotel retail center

Woodmont Outlets of Fort Worth, an affiliate of The Woodmont Co., has partnered with Cherokee Nation Businesses for a proposed upscale retail development at Hard Rock Hotel & Casino Tulsa.

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Toques off to Timothy Prefontaine. The executive chef at the iconic Fort Worth Club is currently the best in the nation, according to the American Culinary Federation. Prefontaine earned the title of 2014 U.S.A.’s Chef of the

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Fort Worth firm 'simplifies' advertising

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Trinity Valley School leader to leave in May 2015

Gary Krahn, head of school for the past eight years at Trinity Valley School in Fort Worth, will leave his position in May 2015 when he and his wife Paula will move

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Panda Power finances Pa. power project
 

The Panda Liberty generating station.          Photo: Business Wire

 

A. Lee Graham 

Reporter

Panda Power Funds of Dallas has acquired and completed financing of Moxie Energy’s planned 829-megawatt, natural gas-fueled “Liberty” generating station in Bradford County, Pa.

When complete, the Liberty project will mark the first new power plant in the Commonwealth specifically designed for its proximity to the Marcellus Shale gas formation.

Panda plans to begin construction immediately on the 33-acre site and expects commercial operations to begin by early 2016.

 

“Following three successful financings in Texas, it didn’t get any easier,” said Panda Power president and senior partner Todd W. Carter in a news release. “I’m really proud of our team for getting this job done in a ‘tough-as-nails’ financial market.”

Union Bank served as documentation agent for the project, with the transaction marking the fourth financing of a large-scale power facility by Panda Power in 13 months and the first investment of Panda Fund II. Arranging senior debt financing were Goldman Sachs, Credit Suisse and Ares Capital.

 

The Liberty plant will use Siemens H-class gas turbines — the world’s first-generation technology to achieve operating efficiencies of 60 percent. The two single shaft power trains is expected to make the plant among the cleanest, most efficient natural gas-fueled power plants in the United States.

Panda Power Funds is a private equity firm that develops, acquires, cosntructs and finances large-scale, natural gas-fueled power generation facilities. Its first fund invested in three combined-cycle power plants now under construction in Temple and Sherman, Texas. More information is available at www.pandafunds.com.

 

lgraham@bizpress.net

 

 

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