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Obama calls for offshore drilling in Southeast

WASHINGTON — The Obama administration on Tuesday outlined a politically fraught plan for allowing oil and gas drilling offshore along parts of the Atlantic coast while imposing new restrictions on environmentally fragile waters off northern Alaska.

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Alliance's Hillwood Commons lands first tenant

A large title insurance, property valuation and settlement services company is the first tenant at Hillwood Commons I, an office complex at Alliance Town Center.

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Museum District: Area’s evolution creating more interaction, public spaces

Fifteen years ago if someone had shot a cannon from Fort Worth’s world-renowned museum district, nobody would have noticed, joked Lori Eklund, senior deputy director of the Amon Carter Museum of American Art. But that has changed.

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Energy Transfer Partners, Regency Energy announce $18B merger

Energy Transfer Partners LP of Dallas and Regency Energy Partners LP have entered into a definitive merger agreement.

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American Airlines' first 787 Dreamliner arrives at D/FW

American is preparing the plane to begin service sometime in the second quarter.

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Texas doctor's bid to buy Detroit Packard plant falters

 

DETROIT (AP) — Wayne County canceled a Texas doctor's $6 million top bid for a sprawling former Detroit car plant and says the No. 2 bidder has until Thursday to pay up.

Dr. Jill Van Horn submitted the bid for the Packard complex at a tax foreclosure auction last week, saying she wanted to build modular homes and offices at the site.

The county treasurer's office canceled Van Horn's bid after the family practice physician from Ennis, Texas, missed a noon Wednesday payment deadline, said David Szymanski, Wayne County deputy treasurer. He said the county turned down her request for a 14-day time extension.

"We're not comfortable waiting that long," Szymanski said. "The auction rules called for 24 hours, and we extended her two days beyond that."

Chicago developer William Hults bid $2.2 million, and the county said he must pay by 4 p.m. EDT Thursday, the Detroit Free Press reported.

"He indicated that he did not have it at this time, but he hopes to have it tomorrow," Szymanski said Wednesday.

But Hults told the newspaper he's ready and able to pay up. He said he wants to turn the building into a mixed-use attraction with residential, commercial and entertainment amenities.

"I'm waiting for the number, and I'm waiting for the date that they want it," he said.

The No. 3 bid is $2.002 million by Fernando Palazuelo of Peru.

"I am interested," Palazuelo said Wednesday. "I am holding meetings with the county today and tomorrow."

Palazuelo, the CEO of Arte Express, has worked to rehabilitate dozens of old structures in his native Spain, as well as in Nepal. He told The Detroit News that he has bought, rehabilitated and leased 1.5 million square feet of dilapidated buildings in downtown Lima, Peru, during the past six years.

"He's performed well in Peru, and we'd like to see him bring his talents here to Detroit," Szymanski said.
 

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