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Ex Rangers manager Washington apologizes for 'breaking wife's trust'

IRVING, Texas (AP) — Former Texas Rangers manager Ron Washington says he is embarrassed for 'breaking his wife's trust.'

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Road Show: City leaders prepare campaign to corral votes for $450 million arena

Fort Worth’s biggest backers of a new arena at the Will Rogers Memorial Center are leaving little to the chance of a “no” vote in a citywide election Nov. 4 to decide on new fees that would fund 15 percent of the $450 million project.

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Texas Health Southwest breaks ground on $40M expansion

A $40 million expansion of Texas Health Harris Methodist Hospital Southwest Fort Worth is under way, with groundbreaking ceremonies held this week.

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Overland Sheepskin opening Sundance Square store in Fort Worth

The store is expected to open by the holidays, Sundance said.

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Fort Worth tops in Texas for apartments, study finds

Fort Worth tops apartment markets statewide for the month of August 2014, according to research by Axiometrics Inc., a Dallas-based apartment market research and analysis firm.

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Shell scraps plans to build $12.5B plant in La.

 

BATON ROUGE, La. (AP) — Royal Dutch Shell has decided to abandon plans to build a massive $12.5 billion plant in Louisiana that would have turned natural gas into liquid fuels like diesel.

The decision comes just two months after Shell selected a site for the plant. It would have created 740 jobs, according to a late-September announcement that championed the plant's location in Ascension Parish, near Baton Rouge.

Shell, based in the Hague, Netherlands, said Thursday that the cost of the plant and the expected profit it could generate made the plant "not a viable option."

Gov. Bobby Jindal's administration had offered an incentive package that included $112 million for road improvements, land purchasing and other infrastructure in Ascension Parish.

"Today's announcement is disappointing, particularly after Louisiana was selected over Texas and other states in a highly-competitive selection process," Jindal said in a statement. "We fight for every single job opportunity available, and we will continue to do that."

Economic Development Secretary Stephen Moret said Louisiana is being considered for several other multibillion-dollar projects and has other large announced projects on the way.

The plant would have turned natural gas, which is relatively cheap in the U.S. compared with prices around the world, into higher-value diesel and gasoline using a complex process involving heat and chemical catalysts. To justify the plant's enormous expense the cost of natural gas would have to remain very low — and the price of diesel very high — for more than a decade.

Many analysts believe U.S. natural gas prices will remain low, thanks to enormous reserves of natural gas found in recent years under several states. But the U.S. is also increasing demand for natural gas by building export facilities, building new chemical plants that use natural gas, using it to generate more electricity and developing truck engines that will burn it for fuel. This could increase prices somewhat.

At the same time, many expect oil prices to remain flat or fall slightly over the next several years as the U.S., Canada and other countries produce more oil at a time when demand is growing only moderately.
 

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Arena
What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?